TriMas Co. (NASDAQ:TRS) Shares Acquired by Advisory Research Inc.

Advisory Research Inc. grew its position in shares of TriMas Co. (NASDAQ:TRS - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 754,089 shares of the industrial products company's stock after acquiring an additional 220,000 shares during the quarter. TriMas accounts for 3.1% of Advisory Research Inc.'s holdings, making the stock its 5th biggest position. Advisory Research Inc. owned approximately 1.86% of TriMas worth $18,543,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC increased its position in shares of TriMas by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock worth $32,000 after purchasing an additional 1,158 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in TriMas in the fourth quarter valued at $202,000. Quantbot Technologies LP grew its position in shares of TriMas by 203.5% in the 4th quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company's stock valued at $295,000 after acquiring an additional 8,031 shares during the period. Wells Fargo & Company MN increased its stake in shares of TriMas by 21.1% during the 4th quarter. Wells Fargo & Company MN now owns 37,729 shares of the industrial products company's stock worth $928,000 after purchasing an additional 6,573 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in TriMas by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company's stock valued at $982,000 after purchasing an additional 1,227 shares during the last quarter. 99.42% of the stock is owned by institutional investors.

TriMas Stock Performance

Shares of TRS stock traded up $0.32 during midday trading on Friday, hitting $20.61. 286,499 shares of the company were exchanged, compared to its average volume of 305,405. The firm has a market capitalization of $839.16 million, a P/E ratio of 32.20 and a beta of 0.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. TriMas Co. has a 52 week low of $19.33 and a 52 week high of $28.51. The firm's 50 day moving average price is $22.68 and its two-hundred day moving average price is $24.54.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 28th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.78%. TriMas's dividend payout ratio (DPR) is currently 27.12%.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a "buy" rating and set a $40.00 target price on shares of TriMas in a research note on Friday, February 28th.

Insider Buying and Selling

In other TriMas news, Director Shawn Sedaghat acquired 249,597 shares of the business's stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $23.83 per share, with a total value of $5,947,896.51. Following the acquisition, the director now directly owns 346,825 shares of the company's stock, valued at approximately $8,264,839.75. This trade represents a 256.71 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott A. Mell sold 2,218 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $22.54, for a total transaction 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 represents a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 806,246 shares of company stock valued at $19,338,213. Insiders own 14.20% of the company's stock.

TriMas Company Profile

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.