TriMas Corporation (NASDAQ:TRS) Position Lifted by Pzena Investment Management LLC

Pzena Investment Management LLC raised its stake in shares of TriMas Corporation (NASDAQ:TRS - Free Report) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,135,554 shares of the industrial products company's stock after buying an additional 14,942 shares during the period. Pzena Investment Management LLC owned about 5.24% of TriMas worth $50,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRS. Sterling Capital Management LLC boosted its holdings in shares of TriMas by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 1,158 shares during the last quarter. State of Wyoming purchased a new stake in TriMas in the 4th quarter worth about $50,000. KLP Kapitalforvaltning AS purchased a new position in shares of TriMas during the fourth quarter worth approximately $202,000. ProShare Advisors LLC purchased a new position in shares of TriMas during the fourth quarter worth approximately $281,000. Finally, Quantbot Technologies LP boosted its stake in shares of TriMas by 203.5% during the fourth 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 currently owned by hedge funds and other institutional investors.

Insider Activity

In other TriMas news, Director Adrianne Shapira bought 4,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was bought at an average price of $25.82 per share, for a total transaction of $103,280.00. Following the completion of the transaction, the director owned 8,476 shares in the company, valued at approximately $218,850.32. The trade was a 89.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shawn Sedaghat bought 72,937 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average price of $26.16 per share, with a total value of $1,908,031.92. Following the transaction, the director owned 1,883,758 shares of the company's stock, valued at $49,279,109.28. The trade was a 4.03% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 971,649 shares of company stock valued at $24,585,343 in the last quarter. Company insiders own 14.20% of the company's stock.

Analyst Upgrades and Downgrades

TRS has been the subject of several research reports. Wall Street Zen upgraded shares of TriMas from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st. BWS Financial reiterated a "buy" rating and issued a $40.00 price objective on shares of TriMas in a research report on Wednesday, April 30th.

TriMas Trading Up 0.1%

Shares of TRS stock traded up $0.03 during trading hours on Friday, hitting $30.07. The company had a trading volume of 359,091 shares, compared to its average volume of 365,150. The company's fifty day moving average is $27.39 and its 200 day moving average is $24.62. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.49. TriMas Corporation has a fifty-two week low of $19.33 and a fifty-two week high of $30.54. The stock has a market capitalization of $1.22 billion, a PE ratio of 39.05 and a beta of 0.63.

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. The company had revenue of $241.67 million for the quarter, compared to the consensus estimate of $235.41 million. TriMas had a net margin of 3.36% and a return on equity of 10.54%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. Research analysts expect that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, May 6th. 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.