TriMas Corporation (NASDAQ:TRS) Holdings Lowered by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in shares of TriMas Corporation (NASDAQ:TRS - Free Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,029,527 shares of the industrial products company's stock after selling 24,960 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.53% of TriMas worth $24,122,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TRS. Sterling Capital Management LLC lifted 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 valued at $32,000 after buying an additional 1,158 shares during the period. State of Wyoming bought a new stake in shares of TriMas during the 4th quarter valued at about $50,000. KLP Kapitalforvaltning AS purchased a new position in shares of TriMas during the 4th quarter valued at about $202,000. ProShare Advisors LLC purchased a new position in TriMas in the 4th quarter worth approximately $281,000. Finally, Quantbot Technologies LP raised its holdings in shares of TriMas by 203.5% during the 4th quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company's stock worth $295,000 after acquiring an additional 8,031 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

TriMas Trading Up 0.8%

TRS stock traded up $0.25 during midday trading on Tuesday, hitting $30.81. The stock had a trading volume of 256,121 shares, compared to its average volume of 365,723. The firm has a market cap of $1.25 billion, a P/E ratio of 40.01 and a beta of 0.63. 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 1-year low of $19.33 and a 1-year high of $31.66. The business has a fifty day moving average price of $27.39 and a two-hundred day moving average price of $24.62.

TriMas (NASDAQ:TRS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. TriMas had a net margin of 3.36% and a return on equity of 10.54%. The firm had revenue of $241.67 million for the quarter, compared to analysts' expectations of $235.41 million. During the same quarter last year, the company posted $0.37 EPS. The business's quarterly revenue 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 fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on TRS shares. Wall Street Zen raised TriMas from a "hold" rating to a "buy" rating in a report on Sunday, June 1st. BWS Financial restated a "buy" rating and issued a $40.00 target price on shares of TriMas in a research report on Wednesday, April 30th.

Insider Buying and Selling

In other TriMas news, Director Adrianne Shapira purchased 4,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of $25.82 per share, with a total value of $103,280.00. Following the completion of the acquisition, the director directly owned 8,476 shares of the company's stock, valued at $218,850.32. This trade represents a 89.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shawn Sedaghat acquired 410,172 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was purchased at an average cost of $25.43 per share, with a total value of $10,430,673.96. Following the completion of the acquisition, the director directly owned 1,810,821 shares of the company's stock, valued at approximately $46,049,178.03. This trade represents a 29.28% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 971,649 shares of company stock valued at $24,585,343 over the last three months. 14.20% of the stock is currently owned by 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.