Metropolitan Life Insurance Co. NY held its position in shares of TriMas Corp (NYSE:TRS) during the first quarter, Holdings Channel reports. The fund owned 32,544 shares of the industrial products company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in TriMas Corp were worth $675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRS. Parametric Portfolio Associates LLC raised its position in shares of TriMas Corp by 1.5% in the first quarter. Parametric Portfolio Associates LLC now owns 97,862 shares of the industrial products company’s stock worth $2,031,000 after buying an additional 1,476 shares during the last quarter. Swiss National Bank raised its position in shares of TriMas Corp by 2.5% in the first quarter. Swiss National Bank now owns 75,000 shares of the industrial products company’s stock worth $1,556,000 after buying an additional 1,800 shares during the last quarter. American International Group Inc. raised its position in shares of TriMas Corp by 7.1% in the first quarter. American International Group Inc. now owns 27,762 shares of the industrial products company’s stock worth $576,000 after buying an additional 1,841 shares during the last quarter. Bank of America Corp DE raised its position in shares of TriMas Corp by 9.2% in the first quarter. Bank of America Corp DE now owns 25,817 shares of the industrial products company’s stock worth $536,000 after buying an additional 2,169 shares during the last quarter. Finally, State Street Corp raised its position in shares of TriMas Corp by 0.3% in the first quarter. State Street Corp now owns 847,372 shares of the industrial products company’s stock worth $17,584,000 after buying an additional 2,230 shares during the last quarter.

Shares of TriMas Corp (NYSE:TRS) traded down 0.21% on Friday, hitting $24.00. The stock had a trading volume of 194,625 shares. The firm’s 50-day moving average price is $21.77 and its 200 day moving average price is $21.74. The firm’s market cap is $1.10 billion. TriMas Corp has a 12 month low of $17.00 and a 12 month high of $25.00.

TriMas Corp (NYSE:TRS) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $213.39 million during the quarter, compared to analysts’ expectations of $205.22 million. TriMas Corp had a net margin of 3.50% and a return on equity of 5.55%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. Analysts anticipate that TriMas Corp will post $1.43 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on TRS. ValuEngine upgraded TriMas Corp from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub upgraded TriMas Corp from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered TriMas Corp from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “hold” rating and set a $24.00 price objective (up previously from $22.00) on shares of TriMas Corp in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $23.50.

In related news, Director Nancy Gougarty sold 5,882 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $24.80, for a total transaction of $145,873.60. Following the completion of the sale, the director now owns 19,293 shares of the company’s stock, valued at approximately $478,466.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Swart sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total transaction of $74,280.00. The disclosure for this sale can be found here. Insiders have sold 11,082 shares of company stock valued at $268,554 in the last three months.

TriMas Corp Company Profile

TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.

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Institutional Ownership by Quarter for TriMas Corp (NYSE:TRS)

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