River Road Asset Management LLC Sells 16,002 Shares of TriMas Co. (NASDAQ:TRS)

River Road Asset Management LLC trimmed its position in TriMas Co. (NASDAQ:TRS) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,455,204 shares of the industrial products company’s stock after selling 16,002 shares during the quarter. River Road Asset Management LLC owned 3.57% of TriMas worth $37,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of 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 period. Quest Partners LLC raised its stake in TriMas by 275.2% during the second quarter. Quest Partners LLC now owns 33,267 shares of the industrial products company’s stock worth $850,000 after acquiring an additional 24,400 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of TriMas by 109.2% during the first quarter. First Eagle Investment Management LLC now owns 190,206 shares of the industrial products company’s stock valued at $5,084,000 after acquiring an additional 99,300 shares during the period. American Century Companies Inc. lifted its holdings 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 valued at $1,674,000 after acquiring an additional 7,304 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of TriMas by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock worth $116,503,000 after purchasing an additional 100,068 shares during the last quarter. 99.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and set a $40.00 price target on shares of TriMas in a report on Wednesday, October 9th.

TriMas Stock Down 8.1 %

Shares of TRS opened at $24.87 on Tuesday. The business’s 50 day simple moving average is $25.83 and its 200-day simple moving average is $25.82. TriMas Co. has a one year low of $22.45 and a one year high of $28.51. The company has a market capitalization of $1.01 billion, a P/E ratio of 25.38 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.48.

TriMas (NASDAQ:TRS) last announced its earnings results 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). TriMas had a return on equity of 9.61% and a net margin of 4.44%. The business had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. During the same quarter in the previous year, the company posted $0.57 EPS. TriMas’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict that TriMas Co. will post 1.75 EPS for the current fiscal year.

TriMas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.64%. TriMas’s payout ratio is 16.33%.

TriMas Company 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.