GW&K Investment Management LLC grew its position in TriMas Co. (NASDAQ:TRS) by 40.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,055 shares of the industrial products company’s stock after purchasing an additional 4,615 shares during the period. GW&K Investment Management LLC’s holdings in TriMas were worth $421,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in TriMas during the fourth quarter worth approximately $419,000. Martingale Asset Management L P increased its position in TriMas by 251.5% during the fourth quarter. Martingale Asset Management L P now owns 62,245 shares of the industrial products company’s stock worth $1,666,000 after buying an additional 44,538 shares during the last quarter. Investors Research Corp acquired a new position in shares of TriMas in the fourth quarter valued at approximately $477,000. Cigna Investments Inc. New acquired a new position in shares of TriMas in the fourth quarter valued at approximately $212,000. Finally, Swiss National Bank grew its position in shares of TriMas by 6.5% in the fourth quarter. Swiss National Bank now owns 79,900 shares of the industrial products company’s stock valued at $2,137,000 after purchasing an additional 4,900 shares during the last quarter. Institutional investors own 99.26% of the company’s stock.
Several equities analysts have recently commented on the company. BidaskClub downgraded TriMas from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research downgraded TriMas from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine raised TriMas from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Deutsche Bank set a $29.00 price target on TriMas and gave the stock a “hold” rating in a research report on Friday, January 19th. Finally, BMO Capital Markets initiated coverage on TriMas in a research report on Tuesday, April 3rd. They set an “outperform” rating and a $33.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. TriMas currently has a consensus rating of “Buy” and an average target price of $29.33.
In related news, CAO Paul Swart sold 2,000 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $27.05, for a total value of $54,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joshua A. Sherbin sold 29,546 shares of the stock in a transaction on Monday, April 30th. The shares were sold at an average price of $27.37, for a total value of $808,674.02. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock valued at $1,011,509 over the last quarter. 1.10% of the stock is owned by corporate insiders.
TriMas opened at $28.75 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.83 and a quick ratio of 1.50. TriMas Co. has a fifty-two week low of $28.00 and a fifty-two week high of $28.20. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 3.37 and a beta of 1.78.
TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. TriMas had a return on equity of 12.71% and a net margin of 5.78%. The company had revenue of $217.10 million during the quarter, compared to analysts’ expectations of $208.81 million. During the same period in the prior year, the company earned $0.30 EPS. TriMas’s revenue was up 8.6% compared to the same quarter last year. analysts predict that TriMas Co. will post 1.68 EPS for the current fiscal year.
TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas markets worldwide. The company operates through four segments: Packaging, Aerospace, Energy, and Engineered Components. The Packaging segment designs and manufactures industrial closure products, including steel drum and plastic enclosures, plastic drum closures, and plastic pail dispensers and plugs; and specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, and other packaging solutions for the cosmetic, personal care, and household product markets, as well as specialty plastic closures for bottles and jars, and dispensing pumps for the food and beverage markets.
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