TriMas Co. (NASDAQ:TRS) Shares Bought by Atom Investors LP

Atom Investors LP lifted its position in TriMas Co. (NASDAQ:TRS) by 62.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,328 shares of the industrial products company’s stock after purchasing an additional 68,608 shares during the quarter. Atom Investors LP owned about 0.44% of TriMas worth $4,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Barington Capital Group L.P. increased its position in shares of TriMas by 4.3% during the third quarter. Barington Capital Group L.P. now owns 608,000 shares of the industrial products company’s stock valued at $15,522,000 after acquiring an additional 25,000 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of TriMas in the 3rd quarter valued at approximately $293,000. FMR LLC raised its stake in TriMas by 1.7% in the third quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock valued at $1,125,000 after buying an additional 729 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of TriMas by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 582,846 shares of the industrial products company’s stock worth $14,880,000 after acquiring an additional 4,977 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of TriMas during the 3rd quarter worth approximately $269,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRS. BWS Financial reissued a “buy” rating and issued a $40.00 target price on shares of TriMas in a report on Tuesday, November 5th. StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

TriMas Trading Up 0.2 %

Shares of TRS opened at $26.42 on Monday. The firm’s 50-day moving average is $26.42 and its two-hundred day moving average is $25.84. The firm has a market capitalization of $1.07 billion, a P/E ratio of 41.28 and a beta of 0.66. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. TriMas Co. has a twelve month low of $22.45 and a twelve month high of $28.51.

TriMas (NASDAQ:TRS) last released 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 return on equity of 9.21% and a net margin of 2.93%. The business had revenue of $229.36 million during the quarter, compared to analysts’ expectations of $239.33 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. TriMas’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts predict that TriMas Co. will post 1.69 earnings per share for the current fiscal year.

TriMas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.16 annualized dividend and a yield of 0.61%. TriMas’s dividend payout ratio (DPR) is presently 25.00%.

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.