Wellington Management Group LLP Has $66.87 Million Stock Holdings in TriMas Co. (NASDAQ:TRS)

Wellington Management Group LLP increased its holdings in shares of TriMas Co. (NASDAQ:TRS - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,619,359 shares of the industrial products company's stock after buying an additional 252,537 shares during the quarter. Wellington Management Group LLP owned 6.46% of TriMas worth $66,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TRS. Price T Rowe Associates Inc. MD lifted its holdings in shares of TriMas by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,870 shares of the industrial products company's stock worth $639,000 after acquiring an additional 1,478 shares during the last quarter. Diversified Trust Co lifted its stake in TriMas by 5.0% in the 2nd quarter. Diversified Trust Co now owns 22,719 shares of the industrial products company's stock valued at $581,000 after purchasing an additional 1,072 shares during the last quarter. Bank of New York Mellon Corp boosted its position in TriMas by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 262,294 shares of the industrial products company's stock valued at $6,704,000 after buying an additional 19,849 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of TriMas during the second quarter worth $26,000. Finally, Rhumbline Advisers lifted its stake in shares of TriMas by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 69,328 shares of the industrial products company's stock valued at $1,772,000 after acquiring an additional 985 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BWS Financial reiterated a "buy" rating and set a $40.00 target price on shares of TriMas in a research report on Tuesday, November 5th. StockNews.com raised shares of TriMas from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th.

TriMas Trading Up 0.2 %

Shares of TRS stock traded up $0.04 on Wednesday, hitting $26.19. The company had a trading volume of 188,116 shares, compared to its average volume of 264,871. The stock's 50-day moving average is $26.55 and its two-hundred day moving average is $25.79. 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 cap of $1.06 billion, a P/E ratio of 40.86 and a beta of 0.66. TriMas Co. has a twelve month low of $22.45 and a twelve month high of $28.51.

TriMas (NASDAQ:TRS - Get Free Report) last released its earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share 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 for the quarter, compared to analyst estimates of $239.33 million. During the same period in the prior year, the company posted $0.57 EPS. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that TriMas Co. will post 1.69 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Tuesday, November 5th. TriMas's dividend payout ratio is 25.00%.

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.