Fmr LLC Has $1.13 Million Stock Holdings in TriMas Co. (NASDAQ:TRS)

Fmr LLC raised its stake in TriMas Co. (NASDAQ:TRS) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,082 shares of the industrial products company’s stock after buying an additional 729 shares during the period. Fmr LLC owned 0.11% of TriMas worth $1,125,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC bought a new position in TriMas in the 2nd quarter valued at approximately $26,000. Aristides Capital LLC acquired a new position in TriMas in the 2nd quarter valued at approximately $245,000. Intech Investment Management LLC acquired a new position in TriMas in the 3rd quarter valued at approximately $269,000. Algert Global LLC raised its stake in shares of TriMas by 4.2% during the second quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock valued at $403,000 after acquiring an additional 639 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of TriMas by 17.4% during the third quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 2,389 shares during the period. Institutional investors own 99.42% of the company’s stock.

TriMas Stock Down 0.5 %

Shares of NASDAQ TRS opened at $25.90 on Tuesday. TriMas Co. has a 52-week low of $22.45 and a 52-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’s 50 day moving average price is $26.62 and its 200-day moving average price is $25.77. The company has a market capitalization of $1.05 billion, a P/E ratio of 40.64 and a beta of 0.66.

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

TriMas Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on TRS shares. BWS Financial restated a “buy” rating and issued a $40.00 price objective on shares of TriMas in a report on Tuesday, November 5th. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

TriMas 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.