Two Sigma Investments LP Buys 10,210 Shares of TriMas Co. (NASDAQ:TRS)

Two Sigma Investments LP increased its stake in shares of TriMas Co. (NASDAQ:TRS) by 8.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 134,580 shares of the industrial products company’s stock after acquiring an additional 10,210 shares during the period. Two Sigma Investments LP’s holdings in TriMas were worth $3,309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TRS. Sterling Capital Management LLC raised 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 period. State of Wyoming bought a new stake in TriMas in the fourth quarter valued at approximately $50,000. KLP Kapitalforvaltning AS bought a new stake in TriMas in the fourth quarter valued at approximately $202,000. ProShare Advisors LLC bought a new stake in TriMas in the fourth quarter valued at approximately $281,000. Finally, Quantbot Technologies LP raised 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 period. Institutional investors own 99.42% of the company’s stock.

Insider Buying and Selling

In other TriMas news, CFO Scott A. Mell sold 2,218 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.54, for a total value of $49,993.72. Following the sale, the chief financial officer now owns 26,288 shares of the company’s stock, valued at approximately $592,531.52. This trade represents a 7.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Shawn Sedaghat bought 72,937 shares of TriMas stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $26.16 per share, for a total transaction of $1,908,031.92. Following the acquisition, the director now owns 1,883,758 shares in the company, valued at approximately $49,279,109.28. This represents a 4.03% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,770,195 shares of company stock valued at $43,736,754 over the last 90 days. 14.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TRS shares. Wall Street Zen lowered TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. BWS Financial reiterated a “buy” rating and set a $40.00 target price on shares of TriMas in a research note on Wednesday, April 30th.

TriMas Price Performance

Shares of NASDAQ TRS opened at $26.62 on Friday. The firm has a market cap of $1.08 billion, a P/E ratio of 41.59 and a beta of 0.58. 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 1-year low of $19.33 and a 1-year high of $28.51. The business’s 50 day moving average is $23.15 and its 200-day moving average is $24.03.

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

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, May 6th. TriMas’s dividend payout ratio is currently 20.78%.

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.