Charles Schwab Investment Management Inc. Buys 4,977 Shares of TriMas Co. (NASDAQ:TRS)

Charles Schwab Investment Management Inc. increased its stake in shares of TriMas Co. (NASDAQ:TRS) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 582,846 shares of the industrial products company’s stock after buying an additional 4,977 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.44% of TriMas worth $14,880,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Impax Asset Management Group plc grew its stake in 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 worth $10,467,000 after buying an additional 280,431 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in TriMas by 1.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company’s stock worth $80,298,000 after acquiring an additional 51,701 shares during the last quarter. Quest Partners LLC increased its holdings in TriMas by 275.2% during the 2nd quarter. Quest Partners LLC now owns 33,267 shares of the industrial products company’s stock valued at $850,000 after purchasing an additional 24,400 shares in the last quarter. American Century Companies Inc. raised its position in TriMas by 12.5% in the 2nd quarter. American Century Companies Inc. now owns 65,505 shares of the industrial products company’s stock valued at $1,674,000 after purchasing an additional 7,304 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in TriMas by 26.2% in the second quarter. First Eagle Investment Management LLC now owns 240,006 shares of the industrial products company’s stock worth $6,135,000 after purchasing an additional 49,800 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Stock Down 1.7 %

NASDAQ:TRS opened at $25.87 on Friday. 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 stock’s fifty day moving average price is $26.53 and its two-hundred day moving average price is $25.81. TriMas Co. has a 52-week low of $22.45 and a 52-week high of $28.51. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 40.42 and a beta of 0.66.

TriMas (NASDAQ:TRS) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). The company had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. On average, analysts anticipate that TriMas Co. will post 1.69 EPS for the current year.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.16 annualized dividend and a yield of 0.62%. TriMas’s payout ratio is currently 25.00%.

Wall Street Analyst Weigh In

TRS has been the subject of a number of research reports. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. BWS Financial restated a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research report on Tuesday, November 5th.

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.