First Eagle Investment Management LLC Has $6.14 Million Stock Position in TriMas Co. (NASDAQ:TRS)

First Eagle Investment Management LLC boosted its holdings in shares of TriMas Co. (NASDAQ:TRS) by 26.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 240,006 shares of the industrial products company’s stock after buying an additional 49,800 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.59% of TriMas worth $6,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRS. Vanguard Group Inc. raised its position in shares of TriMas by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock valued at $116,503,000 after purchasing an additional 100,068 shares during the period. Fiduciary Management Inc. WI raised its holdings in TriMas by 4.3% in 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 acquiring an additional 129,477 shares during the period. Allspring Global Investments Holdings LLC lifted its position in TriMas by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,095,572 shares of the industrial products company’s stock worth $82,745,000 after acquiring an additional 25,795 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of TriMas by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,530,874 shares of the industrial products company’s stock worth $64,689,000 after acquiring an additional 19,436 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of TriMas by 1.5% in the fourth quarter. Wellington Management Group LLP now owns 2,393,786 shares of the industrial products company’s stock valued at $60,635,000 after purchasing an additional 34,596 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

TriMas Trading Down 1.0 %

TRS stock opened at $25.45 on Friday. TriMas Co. has a 52 week low of $22.45 and a 52 week high of $27.89. The company has a market capitalization of $1.03 billion, a PE ratio of 26.24 and a beta of 0.68. The company’s 50-day simple moving average is $25.07 and its 200 day simple moving average is $25.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.82.

TriMas (NASDAQ:TRS) last announced 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). TriMas had a return on equity of 9.61% and a net margin of 4.44%. The business had revenue of $240.50 million for the quarter, compared to analyst estimates of $238.63 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that TriMas Co. will post 1.76 earnings per share for the current year.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. TriMas’s payout ratio is 16.49%.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and set a $40.00 price target on shares of TriMas in a report on Wednesday, July 31st.

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.