Point72 Asia Singapore Pte. Ltd. Has $35,000 Stake in TriMas Co. (NASDAQ:TRS)

Point72 Asia Singapore Pte. Ltd. lessened its position in TriMas Co. (NASDAQ:TRS) by 56.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,369 shares of the industrial products company’s stock after selling 1,759 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in TriMas were worth $35,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. 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 grew its position in shares of TriMas by 4.3% in the fourth quarter. Fiduciary Management Inc. WI now owns 3,106,943 shares of the industrial products company’s stock valued at $78,699,000 after purchasing an additional 129,477 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of 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 purchasing an additional 25,795 shares during the period. Dimensional Fund Advisors LP lifted its holdings in TriMas by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,530,874 shares of the industrial products company’s stock worth $64,689,000 after purchasing an additional 19,436 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in TriMas by 1.5% in the 4th 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 period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

TriMas Stock Down 0.9 %

Shares of TRS opened at $25.29 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 1.48 and a debt-to-equity ratio of 0.63. TriMas Co. has a 12 month low of $22.45 and a 12 month high of $27.89. The firm’s 50 day moving average is $24.89 and its 200-day moving average is $25.70. The stock has a market capitalization of $1.03 billion, a PE ratio of 26.32 and a beta of 0.68.

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

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend 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.