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

Fmr LLC increased its position in TriMas Co. (NASDAQ:TRS) by 1.7% during the third quarter, Holdings Channel.com reports. The firm owned 44,082 shares of the industrial products company’s stock after buying an additional 729 shares during the quarter. Fmr LLC’s holdings in TriMas were worth $1,125,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TRS. Innealta Capital LLC acquired a new position in TriMas during the second quarter worth $26,000. Aristides Capital LLC bought a new stake in shares of TriMas during the second quarter worth about $245,000. Intech Investment Management LLC bought a new stake in shares of TriMas during the third quarter worth about $269,000. Algert Global LLC raised its holdings in shares of TriMas by 4.2% in the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 639 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in TriMas by 17.4% in the 3rd quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company’s stock valued at $412,000 after acquiring an additional 2,389 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 $25.90 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The company has a fifty day moving average price of $26.62 and a 200-day moving average price of $25.77. TriMas Co. has a 1 year low of $22.45 and a 1 year high of $28.51. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 40.64 and a beta of 0.66.

TriMas (NASDAQ:TRS) last posted 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 during the quarter, compared to analysts’ expectations of $239.33 million. During the same quarter last year, the business posted $0.57 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts predict that TriMas Co. will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.62%. TriMas’s dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRS. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. BWS Financial reaffirmed a “buy” rating and set a $40.00 target price on shares of TriMas in a research report on Tuesday, November 5th.

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.