Rhumbline Advisers Acquires 985 Shares of TriMas Co. (NASDAQ:TRS)

Rhumbline Advisers increased its holdings in shares of TriMas Co. (NASDAQ:TRS) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,328 shares of the industrial products company’s stock after purchasing an additional 985 shares during the period. Rhumbline Advisers’ holdings in TriMas were worth $1,772,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Innealta Capital LLC bought a new stake in TriMas in the 2nd quarter valued at approximately $26,000. Quantbot Technologies LP lifted its stake in TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 478 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in TriMas in the 4th quarter valued at approximately $396,000. Panagora Asset Management Inc. bought a new stake in TriMas in the 4th quarter valued at approximately $435,000. Finally, BNP Paribas Financial Markets lifted its stake in TriMas by 79.8% in the 1st quarter. BNP Paribas Financial Markets now owns 20,225 shares of the industrial products company’s stock valued at $541,000 after acquiring an additional 8,978 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

TriMas Stock Down 1.0 %

NASDAQ:TRS opened at $25.45 on Friday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 26.24 and a beta of 0.68. TriMas Co. has a twelve month low of $22.45 and a twelve month high of $27.89. The stock’s 50 day moving average price is $25.07 and its two-hundred day moving average price is $25.66. The company has a quick ratio of 1.48, a current ratio of 2.82 and a debt-to-equity ratio of 0.63.

TriMas (NASDAQ:TRS) last posted 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 analyst estimates of $238.63 million. TriMas had a return on equity of 9.61% and a net margin of 4.44%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS. Equities research analysts expect that TriMas Co. will post 1.76 earnings per share for the current fiscal year.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Tuesday, August 6th. TriMas’s dividend payout ratio (DPR) is 16.49%.

About TriMas

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.