Barclays PLC Boosts Position in TriMas Co. (NASDAQ:TRS)

Barclays PLC increased its position in TriMas Co. (NASDAQ:TRS - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,163 shares of the industrial products company's stock after purchasing an additional 35,371 shares during the quarter. Barclays PLC owned approximately 0.26% of TriMas worth $2,560,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of TriMas by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 3,895,946 shares of the industrial products company's stock valued at $95,801,000 after acquiring an additional 82,068 shares in the last quarter. Bellecapital International Ltd. purchased a new position in TriMas during the 4th quarter valued at about $29,160,000. Charles Schwab Investment Management Inc. raised its holdings in shares of TriMas by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 605,502 shares of the industrial products company's stock valued at $14,889,000 after purchasing an additional 22,656 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of TriMas by 94.8% in the 4th quarter. Kennedy Capital Management LLC now owns 485,721 shares of the industrial products company's stock valued at $11,944,000 after purchasing an additional 236,346 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of TriMas in the 4th quarter worth approximately $6,698,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a "buy" rating and set a $40.00 price objective on shares of TriMas in a report on Wednesday.

Insider Activity

In other TriMas news, Director Jeffrey A. Fielkow purchased 2,500 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $20.78 per share, for a total transaction of $51,950.00. Following the acquisition, the director now owns 11,013 shares in the company, valued at $228,850.14. This represents a 29.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Scott A. Mell sold 2,218 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.54, for a total transaction of $49,993.72. Following the completion of the sale, the chief financial officer now directly owns 26,288 shares in the company, valued at $592,531.52. This trade represents a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 806,246 shares of company stock worth $19,338,213. Insiders own 14.20% of the company's stock.

TriMas Trading Up 2.0 %

Shares of NASDAQ TRS opened at $24.05 on Thursday. TriMas Co. has a 1-year low of $19.33 and a 1-year high of $28.51. The business has a fifty day moving average price of $22.38 and a 200 day moving average price of $24.35. The stock has a market capitalization of $979.22 million, a P/E ratio of 37.58 and a beta of 0.55. 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 (NASDAQ:TRS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The business had revenue of $241.67 million for the quarter, compared to analysts' expectations of $235.41 million. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The company's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. Equities research analysts expect that TriMas Co. will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 6th. TriMas's 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.

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