Posted by admin on Jun 23rd, 2022
Diversified Trust Co lifted its position in TriMas Co. (NASDAQ:TRS – Get Rating) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,250 shares of the industrial products company’s stock after buying an additional 1,475 shares during the quarter. Diversified Trust Co’s holdings in TriMas were worth $618,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors Inc. lifted its holdings in shares of TriMas by 21.0% in the fourth quarter. Wasatch Advisors Inc. now owns 4,049,375 shares of the industrial products company’s stock worth $149,827,000 after buying an additional 701,588 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in TriMas in the fourth quarter valued at approximately $95,448,000. Massachusetts Financial Services Co. MA raised its stake in TriMas by 2.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,804,861 shares of the industrial products company’s stock valued at $66,780,000 after purchasing an additional 47,061 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its stake in TriMas by 24.8% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 471,989 shares of the industrial products company’s stock valued at $17,464,000 after purchasing an additional 93,902 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in TriMas by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 429,571 shares of the industrial products company’s stock valued at $15,895,000 after purchasing an additional 7,379 shares in the last quarter.
A number of equities research analysts recently weighed in on TRS shares. StockNews.com raised shares of TriMas from a “hold” rating to a “buy” rating in a research note on Monday, April 11th. TheStreet downgraded shares of TriMas from a “b” rating to a “c+” rating in a research note on Monday, April 4th.
In other news, insider John Philip Schaefer sold 6,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $29.91, for a total value of $203,388.00. Following the transaction, the insider now owns 11,087 shares in the company, valued at $331,612.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.
TRS stock opened at $25.84 on Thursday. The company has a market capitalization of $1.10 billion, a PE ratio of 19.47 and a beta of 0.74. TriMas Co. has a one year low of $25.06 and a one year high of $38.72. The company’s 50 day moving average price is $28.78 and its two-hundred day moving average price is $31.83. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.46 and a current ratio of 2.48.
TriMas (NASDAQ:TRS – Get Rating) last issued its earnings results on Thursday, April 28th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. TriMas had a net margin of 6.68% and a return on equity of 13.05%. The firm had revenue of $224.30 million for the quarter, compared to analysts’ expectations of $233.68 million. During the same quarter last year, the business earned $0.40 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. On average, research analysts predict that TriMas Co. will post 2.28 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Thursday, May 5th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Wednesday, May 4th. TriMas’s dividend payout ratio is 11.85%.
TriMas Corporation designs, develops, manufactures, and sells products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. 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, flexible spouts, and agricultural closures; polymeric jar products; integrated dispensers; bag-in-box products; aseptic closures; industrial closures and flex spouts; custom injection molded components and devices; various injection molded products; and single-bodied and assembled caps and closures under the Rieke, Taplast, Affaba & Ferrari, Stolz, Omega, and Rapak brands.
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