Thrivent Financial for Lutherans Lowers Holdings in TriMas Co. (TRS)

Thrivent Financial for Lutherans lowered its holdings in shares of TriMas Co. (NASDAQ:TRS) by 14.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 356,509 shares of the industrial products company’s stock after selling 57,892 shares during the quarter. Thrivent Financial for Lutherans owned 0.78% of TriMas worth $9,359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TRS. Victory Capital Management Inc. lifted its position in TriMas by 23.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,958,825 shares of the industrial products company’s stock valued at $52,399,000 after purchasing an additional 373,375 shares during the last quarter. Van Den Berg Management I Inc. lifted its position in TriMas by 63.9% during the fourth quarter. Van Den Berg Management I Inc. now owns 174,727 shares of the industrial products company’s stock valued at $4,674,000 after purchasing an additional 68,102 shares during the last quarter. Renaissance Technologies LLC lifted its position in TriMas by 56.0% during the fourth quarter. Renaissance Technologies LLC now owns 187,300 shares of the industrial products company’s stock valued at $5,010,000 after purchasing an additional 67,200 shares during the last quarter. First Trust Advisors LP lifted its position in TriMas by 66.2% during the fourth quarter. First Trust Advisors LP now owns 157,912 shares of the industrial products company’s stock valued at $4,224,000 after purchasing an additional 62,927 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in TriMas by 28.2% during the fourth quarter. Lazard Asset Management LLC now owns 251,624 shares of the industrial products company’s stock valued at $6,730,000 after purchasing an additional 55,313 shares during the last quarter. Institutional investors and hedge funds own 97.53% of the company’s stock.

In related news, insider Joshua A. Sherbin sold 29,546 shares of TriMas stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $27.37, for a total transaction of $808,674.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Paul Swart sold 2,000 shares of TriMas stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $27.05, for a total transaction of $54,100.00. 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 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Several equities analysts have commented on TRS shares. ValuEngine upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub lowered shares of TriMas from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. JPMorgan Chase restated an “overweight” rating and issued a $32.00 target price (down previously from $33.00) on shares of TriMas in a report on Tuesday, March 6th. Zacks Investment Research lowered shares of TriMas from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, BMO Capital Markets started coverage on shares of TriMas in a report on Tuesday, April 3rd. They issued an “outperform” rating and a $33.00 target price for the company. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. TriMas currently has an average rating of “Buy” and a consensus target price of $29.33.

TriMas opened at $28.95 on Wednesday, MarketBeat Ratings reports. The stock has a market capitalization of $1.33 billion, a PE ratio of 20.68, a PEG ratio of 3.47 and a beta of 1.78. 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 12-month low of $20.05 and a 12-month high of $29.40.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, April 26th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The firm had revenue of $217.10 million during the quarter, compared to analyst estimates of $208.81 million. TriMas had a net margin of 5.78% and a return on equity of 12.71%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS. research analysts forecast that TriMas Co. will post 1.68 EPS for the current year.

TriMas Profile

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.

Institutional Ownership by Quarter for TriMas (NASDAQ:TRS)

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