California State Teachers Retirement System Cuts Position in TriMas Co. (NASDAQ:TRS)

California State Teachers Retirement System lessened its holdings in TriMas Co. (NASDAQ:TRS) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,744 shares of the industrial products company’s stock after selling 4,053 shares during the period. California State Teachers Retirement System owned approximately 0.08% of TriMas worth $805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of TriMas by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 3,895,946 shares of the industrial products company’s stock worth $95,801,000 after buying an additional 82,068 shares during the last quarter. Bank of America Corp DE lifted its stake in TriMas by 127.3% in the fourth quarter. Bank of America Corp DE now owns 3,513,638 shares of the industrial products company’s stock valued at $86,400,000 after purchasing an additional 1,967,738 shares during the last quarter. Bellecapital International Ltd. purchased a new position in TriMas in the fourth quarter valued at approximately $29,160,000. Medina Value Partners LLC lifted its stake in TriMas by 2.9% in the fourth quarter. Medina Value Partners LLC now owns 1,034,882 shares of the industrial products company’s stock valued at $25,448,000 after purchasing an additional 28,851 shares during the last quarter. Finally, Advisory Research Inc. lifted its stake in TriMas by 41.2% in the fourth quarter. Advisory Research Inc. now owns 754,089 shares of the industrial products company’s stock valued at $18,543,000 after purchasing an additional 220,000 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRS. BWS Financial reiterated a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research note on Wednesday, April 30th. Wall Street Zen upgraded TriMas from a “hold” rating to a “buy” rating in a research note on Sunday, June 1st.

Insider Buying and Selling at TriMas

In other news, Director Shawn Sedaghat purchased 123,388 shares of the firm’s stock in a transaction dated Wednesday, April 30th. The shares were purchased at an average price of $23.83 per share, with a total value of $2,940,336.04. Following the completion of the acquisition, the director now owns 1,024,362 shares in the company, valued at $24,410,546.46. This trade represents a 13.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Adrianne Shapira purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $25.82 per share, for a total transaction of $103,280.00. Following the acquisition, the director now owns 8,476 shares of the company’s stock, valued at approximately $218,850.32. This trade represents a 89.37% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 971,649 shares of company stock valued at $24,585,343 in the last 90 days. 14.20% of the stock is currently owned by company insiders.

TriMas Trading Up 1.0%

Shares of TRS stock opened at $27.09 on Wednesday. The company’s fifty day simple moving average is $23.61 and its two-hundred day simple moving average is $24.02. 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 1 year low of $19.33 and a 1 year high of $28.51. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 42.33 and a beta of 0.61.

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

TriMas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. TriMas’s payout ratio is 20.78%.

TriMas Company 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.