American Century Companies Inc. Purchases 7,304 Shares of TriMas Co. (NASDAQ:TRS)

American Century Companies Inc. increased its holdings in shares of TriMas Co. (NASDAQ:TRS) by 12.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,505 shares of the industrial products company’s stock after buying an additional 7,304 shares during the quarter. American Century Companies Inc.’s holdings in TriMas were worth $1,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quest Partners LLC increased its position in shares of TriMas by 275.2% during the second quarter. Quest Partners LLC now owns 33,267 shares of the industrial products company’s stock worth $850,000 after buying an additional 24,400 shares during the period. Rhumbline Advisers lifted its holdings in shares of TriMas by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 69,328 shares of the industrial products company’s stock worth $1,772,000 after purchasing an additional 985 shares in the last quarter. Innealta Capital LLC acquired a new stake in TriMas in the 2nd quarter valued at $26,000. Bank of New York Mellon Corp increased its stake in TriMas by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,294 shares of the industrial products company’s stock valued at $6,704,000 after purchasing an additional 19,849 shares in the last quarter. Finally, Diversified Trust Co raised its holdings in TriMas by 5.0% during the second quarter. Diversified Trust Co now owns 22,719 shares of the industrial products company’s stock worth $581,000 after buying an additional 1,072 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

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

TriMas Price Performance

Shares of NASDAQ:TRS opened at $25.56 on Monday. The company has a 50-day moving average price of $24.91 and a two-hundred day moving average price of $25.69. TriMas Co. has a twelve month low of $22.45 and a twelve month high of $27.89. The company has a quick ratio of 1.48, a current ratio of 2.82 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.04 billion, a PE ratio of 26.35 and a beta of 0.68.

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

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.63%. The ex-dividend date was Tuesday, August 6th. TriMas’s dividend payout ratio is currently 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.