TriMas Corporation (NASDAQ:TRS) Stock Holdings Increased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of TriMas Corporation (NASDAQ:TRS - Free Report) by 3,802.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,948 shares of the industrial products company's stock after buying an additional 14,565 shares during the period. GAMMA Investing LLC's holdings in TriMas were worth $350,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC grew its position in TriMas by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock worth $32,000 after buying an additional 1,158 shares during the period. State of Wyoming purchased a new stake in shares of TriMas during the 4th quarter worth approximately $50,000. KLP Kapitalforvaltning AS acquired a new stake in shares of TriMas in the 4th quarter worth approximately $202,000. ProShare Advisors LLC purchased a new position in TriMas in the 4th quarter valued at approximately $281,000. Finally, Quantbot Technologies LP increased its stake in TriMas by 203.5% in the 4th quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company's stock valued at $295,000 after purchasing an additional 8,031 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TriMas

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

Analysts Set New Price Targets

A number of research firms have commented on TRS. BWS Financial reiterated a "buy" rating and set a $40.00 target price on shares of TriMas in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of TriMas from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st.

TriMas Stock Performance

TRS stock remained flat at $27.88 on Tuesday. The company had a trading volume of 304,614 shares, compared to its average volume of 348,303. The company has a current ratio of 2.82, a quick ratio of 1.49 and a debt-to-equity ratio of 0.63. TriMas Corporation has a 12-month low of $19.33 and a 12-month high of $28.51. The firm's 50-day moving average price is $24.76 and its two-hundred day moving average price is $24.05. The company has a market capitalization of $1.13 billion, a P/E ratio of 36.21 and a beta of 0.61.

TriMas (NASDAQ:TRS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. TriMas had a return on equity of 10.54% and a net margin of 3.36%. The business had revenue of $241.67 million during the quarter, compared to the consensus estimate of $235.41 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that TriMas Corporation will post 1.69 earnings per share for the current year.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.04 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.57%. TriMas's dividend payout ratio (DPR) is presently 20.78%.

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.