TriMas Co. (NASDAQ:TRS) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of TriMas Co. (NASDAQ:TRS) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,900 shares of the industrial products company’s stock after selling 7,800 shares during the quarter. Swiss National Bank owned about 0.17% of TriMas worth $1,670,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRS. Intech Investment Management LLC acquired a new stake in shares of TriMas in the 3rd quarter worth $269,000. Paloma Partners Management Co purchased a new stake in shares of TriMas in the third quarter valued at about $293,000. XTX Topco Ltd acquired a new stake in TriMas during the third quarter worth about $371,000. JPMorgan Chase & Co. raised its stake in TriMas by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock worth $982,000 after purchasing an additional 1,227 shares during the period. Finally, FMR LLC boosted its holdings in TriMas by 1.7% in the 3rd 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. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Stock Performance

NASDAQ:TRS opened at $23.33 on Friday. TriMas Co. has a fifty-two week low of $19.33 and a fifty-two week high of $28.51. 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 company has a 50 day moving average price of $23.76 and a 200 day moving average price of $25.00. The stock has a market capitalization of $946.80 million, a P/E ratio of 36.45 and a beta of 0.65.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 28th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, February 28th. TriMas’s dividend payout ratio is currently 27.12%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Fielkow acquired 2,500 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $20.78 per share, with a total value of $51,950.00. Following the completion of the transaction, the director now owns 11,013 shares in the company, valued at $228,850.14. This represents a 29.37 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Shawn Sedaghat acquired 554,149 shares of TriMas stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $24.07 per share, for a total transaction of $13,338,366.43. Following the completion of the acquisition, the director now directly owns 900,974 shares in the company, valued at approximately $21,686,444.18. This represents a 159.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 806,246 shares of company stock worth $19,338,213 over the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and set a $40.00 target price on shares of TriMas in a research note on Friday, February 28th.

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.