TriMas Co. (NASDAQ:TRS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of TriMas Co. (NASDAQ:TRS) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,895,946 shares of the industrial products company’s stock after acquiring an additional 82,068 shares during the period. Vanguard Group Inc. owned approximately 9.60% of TriMas worth $95,801,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in TriMas during the fourth quarter worth approximately $202,000. Quantbot Technologies LP lifted its holdings in shares of 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. XTX Topco Ltd bought a new position in TriMas during the third quarter valued at about $371,000. JPMorgan Chase & Co. grew its holdings in TriMas by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock worth $982,000 after acquiring an additional 1,227 shares during the period. Finally, FMR LLC lifted its holdings in TriMas by 1.7% in the 3rd quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock valued at $1,125,000 after acquiring an additional 729 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Stock Performance

TRS opened at $21.46 on Thursday. 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 firm has a market cap of $873.77 million, a PE ratio of 33.53 and a beta of 0.55. The business has a fifty day simple moving average of $23.15 and a 200-day simple moving average of $24.76. TriMas Co. has a fifty-two week low of $19.33 and a fifty-two week high of $28.51.

TriMas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 28th were issued 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 0.75%. TriMas’s payout ratio is presently 27.12%.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research note on Friday, February 28th.

Insider Buying and Selling at TriMas

In related news, CFO Scott A. Mell sold 2,218 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.54, for a total transaction of $49,993.72. Following the transaction, the chief financial officer now directly owns 26,288 shares of the company’s stock, valued at approximately $592,531.52. The trade was a 7.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shawn Sedaghat acquired 554,149 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $24.07 per share, with a total value of $13,338,366.43. Following the completion of the transaction, the director now directly owns 900,974 shares in the company, valued at approximately $21,686,444.18. This trade represents a 159.78 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 806,246 shares of company stock valued at $19,338,213. 1.10% of the stock is currently owned by corporate insiders.

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.