First Eagle Investment Management LLC Buys New Position in TriMas Co. (NASDAQ:TRS)

First Eagle Investment Management LLC purchased a new stake in shares of TriMas Co. (NASDAQ:TRS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 90,906 shares of the industrial products company's stock, valued at approximately $2,303,000. First Eagle Investment Management LLC owned 0.22% of TriMas at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TRS. Allspring Global Investments Holdings LLC boosted its position in shares of TriMas by 16.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company's stock worth $77,757,000 after purchasing an additional 422,717 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of TriMas by 7.0% during the third quarter. Pzena Investment Management LLC now owns 2,570,194 shares of the industrial products company's stock valued at $63,638,000 after acquiring an additional 167,452 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of TriMas by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,513,479 shares of the industrial products company's stock worth $63,667,000 after purchasing an additional 51,030 shares during the last quarter. Merit Financial Group LLC bought a new position in TriMas in the 3rd quarter worth about $909,000. Finally, Vanguard Group Inc. grew its position in TriMas by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,215,033 shares of the industrial products company's stock valued at $104,364,000 after purchasing an additional 34,517 shares during the last quarter. Institutional investors own 99.42% of the company's stock.

TriMas Stock Performance

Shares of TriMas stock traded down $0.14 during trading on Friday, hitting $27.66. 197,354 shares of the company's stock traded hands, compared to its average volume of 300,776. TriMas Co. has a 1 year low of $22.59 and a 1 year high of $29.07. The business has a 50-day simple moving average of $26.07 and a 200-day simple moving average of $25.34. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.73 and a quick ratio of 1.41. The stock has a market capitalization of $1.13 billion, a P/E ratio of 28.52 and a beta of 0.71.

TriMas (NASDAQ:TRS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.09. The company had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.60 million. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, analysts forecast that TriMas Co. will post 2 EPS for the current year.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%. TriMas's dividend payout ratio is currently 16.49%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a "buy" rating and set a $40.00 price target on shares of TriMas in a report on Wednesday, May 1st.

Insider Activity

In other TriMas news, CEO Thomas A. Amato purchased 10,000 shares of the firm's stock in a transaction on Friday, March 1st. The shares were acquired at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the transaction, the chief executive officer now owns 286,168 shares of the company's stock, valued at $6,759,288.16. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Thomas A. Amato acquired 10,000 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $23.62 per share, with a total value of $236,200.00. Following the completion of the purchase, the chief executive officer now directly owns 286,168 shares of the company's stock, valued at $6,759,288.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Herbert K. Parker bought 1,000 shares of TriMas stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $25.98 per share, with a total value of $25,980.00. Following the completion of the acquisition, the director now directly owns 30,057 shares in the company, valued at approximately $780,880.86. The disclosure for this purchase can be found here. Insiders acquired 25,681 shares of company stock valued at $647,113 in the last quarter. 1.10% of the stock is currently owned by insiders.

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.