Dimensional Fund Advisors LP Acquires 19,436 Shares of TriMas Co. (NASDAQ:TRS)

Dimensional Fund Advisors LP raised its stake in TriMas Co. (NASDAQ:TRS) by 0.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,530,874 shares of the industrial products company’s stock after buying an additional 19,436 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of TriMas worth $64,689,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in TriMas during the second quarter worth $26,000. Quantbot Technologies LP raised its holdings in shares of TriMas by 5.7% during the first quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock valued at $239,000 after purchasing an additional 478 shares during the period. BNP Paribas Financial Markets raised its stake in TriMas by 79.8% during the 1st quarter. BNP Paribas Financial Markets now owns 20,225 shares of the industrial products company’s stock worth $541,000 after buying an additional 8,978 shares during the period. Diversified Trust Co increased its stake in TriMas by 32.7% during the 1st quarter. Diversified Trust Co now owns 21,647 shares of the industrial products company’s stock valued at $579,000 after purchasing an additional 5,333 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in TriMas by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,870 shares of the industrial products company’s stock valued at $639,000 after purchasing an additional 1,478 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

TriMas Stock Up 0.7 %

Shares of NASDAQ TRS opened at $25.56 on Friday. The stock has a market capitalization of $1.04 billion, a PE ratio of 26.55 and a beta of 0.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.48. The business’s fifty day moving average price is $24.93 and its 200-day moving average price is $25.68. TriMas Co. has a one year low of $22.45 and a one year high of $27.89.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.10). The company had revenue of $240.50 million for the quarter, compared to the consensus estimate of $238.63 million. TriMas had a net margin of 4.44% and a return on equity of 9.61%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, equities research analysts anticipate that TriMas Co. will post 1.76 EPS for the current year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a $0.04 dividend. 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 dividend payout ratio (DPR) is presently 16.49%.

Wall Street Analysts Forecast Growth

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

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.