TriMas Co. (NASDAQ:TRS) Stake Boosted by Northern Trust Corp

Northern Trust Corp increased its position in shares of TriMas Co. (NASDAQ:TRS) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 398,213 shares of the industrial products company’s stock after purchasing an additional 35,798 shares during the quarter. Northern Trust Corp’s holdings in TriMas were worth $9,792,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRS. Sterling Capital Management LLC lifted its stake in TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,158 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in TriMas in the fourth quarter valued at $202,000. Quantbot Technologies LP lifted its stake in TriMas by 203.5% in the fourth quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company’s stock valued at $295,000 after buying an additional 8,031 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of TriMas during the fourth quarter valued at $359,000. Finally, MetLife Investment Management LLC increased its holdings in shares of TriMas by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 24,788 shares of the industrial products company’s stock valued at $610,000 after purchasing an additional 1,378 shares during the period. 99.42% of the stock is currently owned by institutional investors.

TriMas Trading Up 0.8%

NASDAQ:TRS opened at $24.93 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. TriMas Co. has a fifty-two week low of $19.33 and a fifty-two week high of $28.51. The stock’s 50-day moving average is $22.89 and its two-hundred day moving average is $24.07. The stock has a market cap of $1.01 billion, a PE ratio of 38.95 and a beta of 0.58.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The business had revenue of $241.67 million during the quarter, compared to analysts’ expectations of $235.41 million. During the same quarter in the previous year, the business posted $0.37 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that TriMas Co. will post 1.69 earnings per share for the current fiscal year.

TriMas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 6th. TriMas’s dividend payout ratio is currently 20.78%.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and set a $40.00 price target on shares of TriMas in a report on Wednesday, April 30th.

Insiders Place Their Bets

In related news, Director Jeffrey A. Fielkow purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $20.78 per share, with a total value of $51,950.00. Following the purchase, the director now directly owns 11,013 shares in the company, valued at $228,850.14. This represents a 29.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Scott A. Mell sold 2,218 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.54, for a total value of $49,993.72. Following the completion of the sale, the chief financial officer now directly owns 26,288 shares in the company, valued at approximately $592,531.52. This represents a 7.78% decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 929,729 shares of company stock valued at $22,280,897 in the last three months. Company insiders own 14.20% of the company’s stock.

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.