Sasco Capital Inc. CT Buys 9,460 Shares of TriMas Co. (NASDAQ:TRS)

Sasco Capital Inc. CT increased its position in TriMas Co. (NASDAQ:TRS) by 26.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,980 shares of the industrial products company’s stock after buying an additional 9,460 shares during the quarter. Sasco Capital Inc. CT owned 0.11% of TriMas worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Impax Asset Management Group plc increased its holdings in TriMas by 216.4% in the third quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock worth $10,467,000 after purchasing an additional 280,431 shares in the last quarter. Kennedy Capital Management LLC grew its stake in TriMas by 197.8% in the first quarter. Kennedy Capital Management LLC now owns 273,200 shares of the industrial products company’s stock valued at $7,303,000 after acquiring an additional 181,447 shares during the period. Vanguard Group Inc. increased its holdings in shares of TriMas by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock valued at $116,503,000 after acquiring an additional 100,068 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of TriMas by 1.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company’s stock worth $80,298,000 after purchasing an additional 51,701 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of TriMas by 26.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 240,006 shares of the industrial products company’s stock worth $6,135,000 after purchasing an additional 49,800 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Stock Performance

Shares of TRS stock opened at $25.61 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 40.02 and a beta of 0.66. TriMas Co. has a 52 week low of $22.45 and a 52 week high of $28.51. The firm’s 50-day simple moving average is $26.15 and its two-hundred day simple moving average is $25.86.

TriMas (NASDAQ:TRS) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). TriMas had a return on equity of 9.21% and a net margin of 2.93%. The company had revenue of $229.36 million during the quarter, compared to the consensus estimate of $239.33 million. During the same period last year, the firm posted $0.57 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts forecast that TriMas Co. will post 1.74 earnings per share for the current year.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, November 5th. TriMas’s payout ratio is 25.00%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. BWS Financial reaffirmed a “buy” rating and issued a $40.00 price target on shares of TriMas in a research report on Tuesday, November 5th.

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.