Dimensional Fund Advisors LP lowered its stake in TriMas Corp (NYSE:TRS) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,600,315 shares of the industrial products company’s stock after selling 41,639 shares during the quarter. Dimensional Fund Advisors LP owned 5.69% of TriMas Corp worth $54,216,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its stake in TriMas Corp by 148.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,085 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 3,041 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in TriMas Corp by 231.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 5,404 shares during the last quarter. Sei Investments Co. boosted its stake in TriMas Corp by 32.2% during the 2nd quarter. Sei Investments Co. now owns 9,276 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 2,259 shares during the last quarter. GW&K Investment Management LLC acquired a new position in shares of TriMas Corp during the 2nd quarter valued at about $205,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of TriMas Corp during the 2nd quarter valued at about $248,000.
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In other TriMas Corp news, Director Nancy Gougarty sold 5,882 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $24.80, for a total value of $145,873.60. Following the transaction, the director now directly owns 19,293 shares in the company, valued at approximately $478,466.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Swart sold 3,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total value of $74,280.00. The disclosure for this sale can be found here.
TriMas Corp (NYSE:TRS) opened at 27.20 on Friday. The firm’s market capitalization is $1.24 billion. The stock’s 50 day moving average price is $26.92 and its 200-day moving average price is $23.53. TriMas Corp has a 12 month low of $17.26 and a 12 month high of $28.50.
TriMas Corp (NYSE:TRS) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. The business had revenue of $209.30 million for the quarter, compared to analyst estimates of $208.89 million. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. TriMas Corp’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. On average, analysts forecast that TriMas Corp will post $1.42 earnings per share for the current year.
Several research analysts have recently weighed in on TRS shares. BidaskClub cut shares of TriMas Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Jefferies Group LLC restated a “hold” rating and issued a $24.00 price objective (up from $22.00) on shares of TriMas Corp in a report on Monday, July 31st. Zacks Investment Research lowered shares of TriMas Corp from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, ValuEngine lowered shares of TriMas Corp from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. TriMas Corp currently has a consensus rating of “Hold” and an average price target of $25.25.
TriMas Corp Company Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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