Inspire Investing LLC Purchases 2,389 Shares of TriMas Co. (NASDAQ:TRS)

Inspire Investing LLC grew its position in TriMas Co. (NASDAQ:TRS) by 17.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,155 shares of the industrial products company’s stock after acquiring an additional 2,389 shares during the quarter. Inspire Investing LLC’s holdings in TriMas were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of TriMas by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock valued at $116,503,000 after purchasing an additional 100,068 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of TriMas by 0.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,095,572 shares of the industrial products company’s stock worth $82,745,000 after buying an additional 25,795 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TriMas by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,530,874 shares of the industrial products company’s stock worth $64,689,000 after buying an additional 19,436 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of TriMas by 1.5% in the 4th quarter. Wellington Management Group LLP now owns 2,393,786 shares of the industrial products company’s stock worth $60,635,000 after buying an additional 34,596 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in shares of TriMas by 197.8% in the 1st quarter. Kennedy Capital Management LLC now owns 273,200 shares of the industrial products company’s stock valued at $7,303,000 after acquiring an additional 181,447 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and set a $40.00 price objective on shares of TriMas in a research note on Wednesday, October 9th.

TriMas Stock Down 0.4 %

Shares of TRS opened at $28.10 on Friday. 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 business has a fifty day moving average of $25.07 and a 200 day moving average of $25.71. The company has a market cap of $1.14 billion, a PE ratio of 28.67 and a beta of 0.67. TriMas Co. has a 52-week low of $22.45 and a 52-week high of $28.45.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.10). The firm had revenue of $240.50 million during the quarter, compared to the consensus estimate of $238.63 million. TriMas had a return on equity of 9.61% and a net margin of 4.44%. TriMas’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. On average, sell-side analysts expect that TriMas Co. will post 1.75 EPS for the current year.

TriMas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Tuesday, August 6th. TriMas’s dividend payout ratio is currently 16.33%.

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.