Quadrature Capital Ltd Buys Shares of 43,539 TriMas Co. (NASDAQ:TRS)

Quadrature Capital Ltd bought a new stake in shares of TriMas Co. (NASDAQ:TRS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 43,539 shares of the industrial products company’s stock, valued at approximately $1,102,000. Quadrature Capital Ltd owned about 0.11% of TriMas at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TRS. Allspring Global Investments Holdings LLC boosted its stake in TriMas by 16.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock valued at $77,757,000 after purchasing an additional 422,717 shares during the last quarter. Norges Bank bought a new position in shares of TriMas during the 4th quarter valued at $6,767,000. Hillsdale Investment Management Inc. bought a new position in shares of TriMas during the 4th quarter valued at $3,764,000. Fiduciary Management Inc. WI lifted its holdings in shares of TriMas by 4.3% during the 4th quarter. Fiduciary Management Inc. WI now owns 3,106,943 shares of the industrial products company’s stock valued at $78,699,000 after buying an additional 129,477 shares during the period. Finally, First Eagle Investment Management LLC bought a new position in shares of TriMas during the 4th quarter valued at $2,303,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and set a $40.00 price target on shares of TriMas in a report on Wednesday, May 1st.

TriMas Price Performance

NASDAQ TRS opened at $25.74 on Thursday. TriMas Co. has a 1-year low of $22.59 and a 1-year high of $28.93. The business’s fifty day moving average price is $26.37 and its 200-day moving average price is $25.68. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 26.54 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.73 and a quick ratio of 1.41.

TriMas (NASDAQ:TRS) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. TriMas had a return on equity of 9.68% and a net margin of 4.48%. The company had revenue of $227.10 million for the quarter, compared to analysts’ expectations of $220.60 million. During the same period last year, the firm earned $0.30 EPS. TriMas’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts predict that TriMas Co. will post 2.03 earnings per share for the current year.

TriMas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.62%. TriMas’s dividend payout ratio is currently 16.49%.

Insider Buying and Selling

In other TriMas news, Director Herbert K. Parker purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $25.98 per share, with a total value of $25,980.00. Following the completion of the acquisition, the director now directly owns 30,057 shares in the company, valued at $780,880.86. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other TriMas news, CFO Scott A. Mell sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $27.30, for a total transaction of $40,950.00. Following the sale, the chief financial officer now directly owns 31,923 shares of the company’s stock, valued at $871,497.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Herbert K. Parker purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $25.98 per share, for a total transaction of $25,980.00. Following the completion of the acquisition, the director now owns 30,057 shares of the company’s stock, valued at $780,880.86. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 14,681 shares of company stock valued at $387,053. 1.10% of the stock is owned by company insiders.

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.