BNP Paribas Financial Markets Decreases Holdings in TriMas Co. (NASDAQ:TRS)

BNP Paribas Financial Markets cut its stake in shares of TriMas Co. (NASDAQ:TRS) by 29.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,587 shares of the industrial products company’s stock after selling 3,546 shares during the period. BNP Paribas Financial Markets’ holdings in TriMas were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of TriMas by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,294 shares of the industrial products company’s stock worth $6,704,000 after purchasing an additional 19,849 shares during the period. Innealta Capital LLC purchased a new position in shares of TriMas during the second quarter valued at approximately $26,000. Rhumbline Advisers grew its stake in shares of TriMas by 1.4% during the second quarter. Rhumbline Advisers now owns 69,328 shares of the industrial products company’s stock valued at $1,772,000 after buying an additional 985 shares during the last quarter. Quest Partners LLC raised its holdings in shares of TriMas by 275.2% in the second quarter. Quest Partners LLC now owns 33,267 shares of the industrial products company’s stock worth $850,000 after buying an additional 24,400 shares during the period. Finally, American Century Companies Inc. boosted its holdings in TriMas by 12.5% during the 2nd quarter. American Century Companies Inc. now owns 65,505 shares of the industrial products company’s stock valued at $1,674,000 after acquiring an additional 7,304 shares during the period. 99.42% of the stock is owned by institutional investors.

TriMas Trading Down 0.5 %

NASDAQ:TRS opened at $25.90 on Tuesday. 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 50-day simple moving average of $26.62 and a 200-day simple moving average of $25.77. TriMas Co. has a one year low of $22.45 and a one year high of $28.51. The firm has a market cap of $1.05 billion, a P/E ratio of 40.47 and a beta of 0.66.

TriMas (NASDAQ:TRS) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.14). The company had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Equities analysts anticipate that TriMas Co. will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.62%. TriMas’s payout ratio is 25.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TRS shares. BWS Financial reiterated a “buy” rating and set a $40.00 price objective on shares of TriMas in a report on Tuesday, November 5th. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

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.