Barclays PLC lifted its holdings in TriMas Co. (NASDAQ:TRS - Free Report) by 341.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,792 shares of the industrial products company's stock after buying an additional 53,203 shares during the period. Barclays PLC owned approximately 0.17% of TriMas worth $1,755,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of TRS. Impax Asset Management Group plc boosted its stake in TriMas by 216.4% in the third quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company's stock valued at $10,467,000 after acquiring an additional 280,431 shares during the last quarter. Wellington Management Group LLP lifted its stake in TriMas by 10.7% in the third quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company's stock valued at $66,872,000 after purchasing an additional 252,537 shares during the last quarter. Invenomic Capital Management LP bought a new position in TriMas during the third quarter valued at $3,655,000. Western Standard LLC increased its position in TriMas by 86.6% in the third quarter. Western Standard LLC now owns 169,069 shares of the industrial products company's stock worth $4,316,000 after buying an additional 78,450 shares during the last quarter. Finally, Atom Investors LP lifted its position in shares of TriMas by 62.0% during the 3rd quarter. Atom Investors LP now owns 179,328 shares of the industrial products company's stock valued at $4,578,000 after buying an additional 68,608 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.
TriMas Price Performance
NASDAQ TRS traded down $0.30 during trading hours on Friday, hitting $24.56. The company had a trading volume of 131,581 shares, compared to its average volume of 262,158. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. The firm has a market capitalization of $996.45 million, a price-to-earnings ratio of 38.38 and a beta of 0.66. TriMas Co. has a 52 week low of $22.45 and a 52 week high of $28.51. The firm has a 50 day simple moving average of $26.27 and a 200 day simple moving average of $25.67.
TriMas (NASDAQ:TRS - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.14). TriMas had a net margin of 2.93% and a return on equity of 9.21%. The firm had revenue of $229.36 million during the quarter, compared to the consensus estimate of $239.33 million. During the same quarter last year, the business posted $0.57 earnings per share. TriMas's revenue was down 2.5% compared to the same quarter last year. Equities research analysts expect that TriMas Co. will post 1.69 earnings per share for the current year.
TriMas Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a $0.04 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. TriMas's dividend payout ratio (DPR) is presently 25.00%.
Analyst Ratings Changes
Several equities research analysts have commented on TRS shares. StockNews.com raised shares of TriMas from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th. BWS Financial reiterated a "buy" rating and issued a $40.00 price objective on shares of TriMas in a research note on Tuesday, November 5th.
Read Our Latest Stock Report on TriMas
About TriMas
(
Free Report)
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.
Further Reading
Before you consider TriMas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TriMas wasn't on the list.
While TriMas currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
