TriMas (NASDAQ:TRS) Hits New 1-Year Low - Here's Why

TriMas Co. (NASDAQ:TRS - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.24 and last traded at $22.21, with a volume of 133454 shares. The stock had previously closed at $22.59.

Wall Street Analyst Weigh In

TRS has been the subject of a number of recent analyst reports. BWS Financial reaffirmed a "buy" rating and set a $40.00 price target on shares of TriMas in a research report on Thursday, January 23rd. StockNews.com upgraded TriMas from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th.

TriMas Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The business has a 50 day moving average price of $23.95 and a 200 day moving average price of $25.15. The stock has a market capitalization of $816.07 million, a PE ratio of 31.46 and a beta of 0.66.

TriMas (NASDAQ:TRS - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.05). TriMas had a net margin of 2.93% and a return on equity of 9.21%. As a group, 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 announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.16 annualized dividend and a yield of 0.80%. TriMas's dividend payout ratio is 25.00%.

Institutional Investors Weigh In On TriMas

Several institutional investors have recently modified their holdings of TRS. FMR LLC raised its holdings in shares of TriMas by 1.7% during the third quarter. FMR LLC now owns 44,082 shares of the industrial products company's stock valued at $1,125,000 after purchasing an additional 729 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TriMas by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,106 shares of the industrial products company's stock valued at $568,000 after buying an additional 834 shares during the last quarter. Sterling Capital Management LLC lifted its holdings 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 valued at $32,000 after buying an additional 1,158 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of TriMas by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company's stock valued at $982,000 after buying an additional 1,227 shares during the period. Finally, MetLife Investment Management LLC boosted its position in TriMas by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,788 shares of the industrial products company's stock worth $610,000 after purchasing an additional 1,378 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.