TriMas Co. (NASDAQ:TRS) Position Boosted by Barclays PLC

Barclays PLC increased its holdings in TriMas Co. (NASDAQ:TRS) by 341.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,792 shares of the industrial products company’s stock after purchasing an additional 53,203 shares during the quarter. Barclays PLC owned 0.17% of TriMas worth $1,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Impax Asset Management Group plc lifted its holdings in shares of TriMas by 216.4% during 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 purchasing an additional 280,431 shares during the last quarter. Western Standard LLC raised its holdings in TriMas by 86.6% during the 3rd 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 period. Allspring Global Investments Holdings LLC lifted its stake in TriMas by 1.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company’s stock valued at $80,298,000 after buying an additional 51,701 shares in the last quarter. Quest Partners LLC boosted 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, Jane Street Group LLC increased its position in shares of TriMas by 74.4% in the third quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company’s stock worth $2,109,000 after acquiring an additional 35,258 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

TriMas Stock Down 1.2 %

Shares of TriMas stock opened at $24.56 on Friday. TriMas Co. has a 1 year low of $22.45 and a 1 year high of $28.51. The company has a market cap of $996.45 million, a P/E ratio of 38.38 and a beta of 0.66. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $26.27 and a 200 day moving average price of $25.67.

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

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Tuesday, November 5th. TriMas’s dividend payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TRS shares. BWS Financial restated a “buy” rating and issued a $40.00 price target 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 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.