First Manhattan CO. LLC. Has $8.94 Million Stock Holdings in TriMas Co. (NASDAQ:TRS)

First Manhattan CO. LLC. reduced its stake in TriMas Co. (NASDAQ:TRS - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 363,537 shares of the industrial products company's stock after selling 18,970 shares during the quarter. First Manhattan CO. LLC. owned 0.90% of TriMas worth $8,939,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TRS. Bank of America Corp DE increased its stake in shares of TriMas by 127.3% during the 4th quarter. Bank of America Corp DE now owns 3,513,638 shares of the industrial products company's stock worth $86,400,000 after purchasing an additional 1,967,738 shares in the last quarter. Bellecapital International Ltd. purchased a new stake in TriMas during the 4th quarter worth $29,160,000. Raymond James Financial Inc. purchased a new stake in shares of TriMas during the fourth quarter valued at approximately $6,698,000. Kennedy Capital Management LLC lifted its stake in shares of TriMas by 94.8% in the fourth quarter. Kennedy Capital Management LLC now owns 485,721 shares of the industrial products company's stock worth $11,944,000 after acquiring an additional 236,346 shares in the last quarter. Finally, Advisory Research Inc. raised its holdings 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 acquiring an additional 220,000 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

TriMas Stock Performance

TRS traded up $0.45 during trading hours on Thursday, hitting $24.57. The company's stock had a trading volume of 125,100 shares, compared to its average volume of 321,826. The company has a 50-day simple moving average of $22.85 and a 200 day simple moving average of $24.12. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $998.82 million, a PE ratio of 38.39 and a beta of 0.58. TriMas Co. has a fifty-two week low of $19.33 and a fifty-two week high of $28.51.

TriMas (NASDAQ:TRS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The company 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 business's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. As a group, sell-side analysts expect that TriMas Co. will post 1.69 EPS for the current year.

TriMas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, May 6th. TriMas's payout ratio is 20.78%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a "buy" rating and set a $40.00 price objective on shares of TriMas in a research note on Wednesday, April 30th.

Insider Buying and Selling

In other TriMas news, CFO Scott A. Mell sold 2,218 shares of TriMas stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.54, for a total value 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. The trade was a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Fielkow bought 2,500 shares of the business's stock in a transaction 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 completion of the acquisition, the director now owns 11,013 shares of the company's stock, valued at approximately $228,850.14. This represents a 29.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 929,729 shares of company stock valued at $22,280,897. Corporate insiders own 14.20% of the company's stock.

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.