Western Standard LLC Has $4.32 Million Stock Holdings in TriMas Co. (NASDAQ:TRS)

Western Standard LLC raised its position in shares of TriMas Co. (NASDAQ:TRS) by 86.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,069 shares of the industrial products company’s stock after purchasing an additional 78,450 shares during the period. TriMas makes up approximately 4.0% of Western Standard LLC’s investment portfolio, making the stock its 11th biggest position. Western Standard LLC owned 0.42% of TriMas worth $4,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRS. Impax Asset Management Group plc boosted its stake in shares of TriMas by 216.4% in the 3rd quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock valued at $10,467,000 after purchasing an additional 280,431 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in TriMas by 1.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company’s stock valued at $80,298,000 after purchasing an additional 51,701 shares during the last quarter. Quest Partners LLC boosted its position in TriMas by 275.2% in the second quarter. Quest Partners LLC now owns 33,267 shares of the industrial products company’s stock valued at $850,000 after buying an additional 24,400 shares in the last quarter. American Century Companies Inc. grew its stake in shares of TriMas by 12.5% during the second quarter. American Century Companies Inc. now owns 65,505 shares of the industrial products company’s stock worth $1,674,000 after buying an additional 7,304 shares during the last quarter. Finally, Atom Investors LP increased its holdings in shares of TriMas by 62.0% during the third quarter. Atom Investors LP now owns 179,328 shares of the industrial products company’s stock worth $4,578,000 after buying an additional 68,608 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BWS Financial reaffirmed a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research note on Tuesday, November 5th. StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

TriMas Stock Performance

NASDAQ:TRS opened at $26.33 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. TriMas Co. has a twelve month low of $22.45 and a twelve month high of $28.51. The company has a fifty day moving average of $26.53 and a 200-day moving average of $25.83. The firm has a market capitalization of $1.07 billion, a P/E ratio of 41.14 and a beta of 0.66.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). The firm had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, sell-side analysts anticipate that TriMas Co. will post 1.69 EPS for the current year.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. TriMas’s dividend payout ratio is currently 25.00%.

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.