River Road Asset Management LLC Lowers Position in TriMas Co. (NASDAQ:TRS)

River Road Asset Management LLC reduced its position in TriMas Co. (NASDAQ:TRS - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,410,528 shares of the industrial products company's stock after selling 44,676 shares during the quarter. River Road Asset Management LLC owned 3.48% of TriMas worth $34,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in TriMas during the 3rd quarter valued at about $269,000. Paloma Partners Management Co bought a new position in TriMas during the 3rd quarter valued at approximately $293,000. XTX Topco Ltd bought a new position in shares of TriMas in the 3rd quarter worth approximately $371,000. JPMorgan Chase & Co. raised its position in shares of TriMas by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company's stock worth $982,000 after acquiring an additional 1,227 shares in the last quarter. Finally, FMR LLC raised its position in shares of TriMas by 1.7% in the 3rd quarter. FMR LLC now owns 44,082 shares of the industrial products company's stock worth $1,125,000 after acquiring an additional 729 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRS. BWS Financial reaffirmed a "buy" rating and set a $40.00 price objective on shares of TriMas in a research report on Friday, February 28th. StockNews.com upgraded TriMas from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th.

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TriMas Stock Down 0.7 %

TRS traded down $0.17 during trading on Tuesday, hitting $23.98. 359,588 shares of the company's stock traded hands, compared to its average volume of 276,375. The company's 50 day simple moving average is $23.56 and its two-hundred day simple moving average is $25.07. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. TriMas Co. has a 12-month low of $19.33 and a 12-month high of $28.51. The stock has a market capitalization of $973.18 million, a price-to-earnings ratio of 37.47 and a beta of 0.65.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 28th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.67%. TriMas's dividend payout ratio (DPR) is currently 27.12%.

Insider Transactions at TriMas

In other news, CFO Scott A. Mell sold 2,218 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.54, for a total value of $49,993.72. Following the transaction, the chief financial officer now directly owns 26,288 shares in the company, valued at $592,531.52. This trade represents a 7.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Shawn Sedaghat bought 554,149 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $24.07 per share, for a total transaction of $13,338,366.43. Following the completion of the transaction, the director now directly owns 900,974 shares of the company's stock, valued at $21,686,444.18. This represents a 159.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 806,246 shares of company stock worth $19,338,213 in the last ninety days. Insiders own 1.10% of the company's stock.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.