Massachusetts Financial Services Co. MA Sells 19,623 Shares of TriMas Co. (NASDAQ:TRS)

Massachusetts Financial Services Co. MA lessened its holdings in TriMas Co. (NASDAQ:TRS) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,089,307 shares of the industrial products company’s stock after selling 19,623 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.68% of TriMas worth $27,843,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in TriMas during the second quarter valued at $26,000. Quantbot Technologies LP increased its position in TriMas by 5.7% during the first quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 478 shares during the last quarter. Teacher Retirement System of Texas bought a new position in TriMas during the fourth quarter valued at $396,000. Panagora Asset Management Inc. bought a new position in TriMas during the fourth quarter valued at $435,000. Finally, Quest Partners LLC bought a new position in TriMas during the fourth quarter valued at $528,000. Institutional investors own 99.42% 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 Wednesday, July 31st.

TriMas Stock Down 1.0 %

Shares of TRS opened at $25.45 on Friday. The firm has a market capitalization of $1.03 billion, a P/E ratio of 26.24 and a beta of 0.68. TriMas Co. has a 12-month low of $22.45 and a 12-month high of $27.89. The company has a current ratio of 2.82, a quick ratio of 1.48 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average price of $25.07 and a 200-day moving average price of $25.66.

TriMas (NASDAQ:TRS) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The company had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $238.63 million. TriMas had a net margin of 4.44% and a return on equity of 9.61%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. Equities research analysts expect that TriMas Co. will post 1.76 earnings per share for the current year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Tuesday, August 6th. TriMas’s dividend payout ratio (DPR) is presently 16.49%.

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.