Barclays PLC Acquires 53,203 Shares of TriMas Co. (NASDAQ:TRS)

Barclays PLC increased its stake in TriMas Co. (NASDAQ:TRS) by 341.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,792 shares of the industrial products company’s stock after acquiring an additional 53,203 shares during the quarter. Barclays PLC owned 0.17% of TriMas worth $1,755,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd bought a new position in TriMas in the third quarter worth approximately $371,000. Jane Street Group LLC raised its position in shares of TriMas by 74.4% during the third quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company’s stock worth $2,109,000 after purchasing an additional 35,258 shares during the period. Wellington Management Group LLP lifted its holdings in shares of TriMas by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock worth $66,872,000 after purchasing an additional 252,537 shares in the last quarter. Western Standard LLC grew its position in TriMas by 86.6% in the 3rd quarter. Western Standard LLC now owns 169,069 shares of the industrial products company’s stock valued at $4,316,000 after purchasing an additional 78,450 shares during the period. Finally, State Street Corp increased its stake in TriMas by 4.1% during the 3rd quarter. State Street Corp now owns 994,114 shares of the industrial products company’s stock valued at $25,380,000 after purchasing an additional 39,497 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Stock Performance

NASDAQ:TRS opened at $22.79 on Friday. The business’s fifty day moving average is $25.53 and its 200 day moving average is $25.51. The firm has a market cap of $924.64 million, a price-to-earnings ratio of 35.61 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. TriMas Co. has a 52-week low of $22.24 and a 52-week high of $28.51.

TriMas (NASDAQ:TRS) last issued its quarterly earnings data 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). 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 analysts’ expectations of $239.33 million. During the same period in the prior year, the firm posted $0.57 EPS. TriMas’s revenue was down 2.5% on a year-over-year basis. Research analysts predict that TriMas Co. will post 1.69 EPS for the current year.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a $0.04 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. TriMas’s dividend payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. BWS Financial reissued a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research note on Tuesday, November 5th. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a research report 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.