TriMas Co. (NASDAQ:TRS) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its position in shares of TriMas Co. (NASDAQ:TRS) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,185 shares of the industrial products company’s stock after selling 1,523 shares during the period. Corebridge Financial Inc.’s holdings in TriMas were worth $496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in shares of TriMas by 1.7% during the third quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock worth $1,125,000 after purchasing an additional 729 shares during the last quarter. State Street Corp boosted its stake in TriMas by 4.1% in the 3rd quarter. State Street Corp now owns 994,114 shares of the industrial products company’s stock worth $25,380,000 after buying an additional 39,497 shares during the last quarter. Wellington Management Group LLP grew its holdings in TriMas by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock valued at $66,872,000 after buying an additional 252,537 shares during the period. Jane Street Group LLC increased its stake in shares of TriMas by 74.4% during the 3rd quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company’s stock valued at $2,109,000 after acquiring an additional 35,258 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of TriMas during the 3rd quarter worth about $371,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and issued a $40.00 target price on shares of TriMas in a report on Friday, February 28th.

Insider Transactions at TriMas

In other TriMas news, Director Jeffrey A. Fielkow acquired 2,500 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $20.78 per share, with a total value of $51,950.00. Following the completion of the transaction, the director now directly owns 11,013 shares of the company’s stock, valued at approximately $228,850.14. The trade was a 29.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shawn Sedaghat bought 554,149 shares of TriMas stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $24.07 per share, for a total transaction of $13,338,366.43. Following the acquisition, the director now directly owns 900,974 shares in the company, valued at approximately $21,686,444.18. This represents a 159.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 806,246 shares of company stock worth $19,338,213 in the last three months. 1.10% of the stock is currently owned by company insiders.

TriMas Trading Down 2.7 %

TRS stock opened at $19.90 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. The company has a market cap of $810.25 million, a price-to-earnings ratio of 31.09 and a beta of 0.55. The business has a fifty day simple moving average of $23.27 and a 200-day simple moving average of $24.81. TriMas Co. has a 52 week low of $19.33 and a 52 week high of $28.51.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 28th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, February 28th. This represents a $0.16 annualized dividend and a yield of 0.80%. TriMas’s dividend payout ratio is presently 27.12%.

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.