TriMas Co. (NASDAQ:TRS) Shares Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. raised its position in TriMas Co. (NASDAQ:TRS) by 120.6% during the fourth quarter, HoldingsChannel reports. The firm owned 38,418 shares of the industrial products company’s stock after purchasing an additional 21,000 shares during the period. Cornercap Investment Counsel Inc.’s holdings in TriMas were worth $973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRS. Oppenheimer Asset Management Inc. raised its holdings in shares of TriMas by 30.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 43,581 shares of the industrial products company’s stock worth $1,079,000 after acquiring an additional 10,098 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of TriMas by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 517,025 shares of the industrial products company’s stock worth $12,802,000 after acquiring an additional 21,767 shares during the period. Vanguard Group Inc. raised its holdings in shares of TriMas by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,215,033 shares of the industrial products company’s stock worth $104,364,000 after acquiring an additional 34,517 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of TriMas by 16.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock worth $77,757,000 after acquiring an additional 422,717 shares during the period. Finally, Redmond Asset Management LLC raised its holdings in shares of TriMas by 157.8% during the 3rd quarter. Redmond Asset Management LLC now owns 67,042 shares of the industrial products company’s stock worth $1,660,000 after acquiring an additional 41,036 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Stock Up 0.1 %

NASDAQ TRS opened at $25.38 on Tuesday. TriMas Co. has a 52 week low of $22.59 and a 52 week high of $29.07. The company has a quick ratio of 1.29, a current ratio of 2.49 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $25.33 and its 200-day simple moving average is $24.95. The firm has a market cap of $1.04 billion, a PE ratio of 26.16 and a beta of 0.71.

TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The business had revenue of $209.60 million for the quarter, compared to analyst estimates of $246.44 million. TriMas had a return on equity of 8.85% and a net margin of 4.52%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. As a group, equities analysts anticipate that TriMas Co. will post 1.94 earnings per share for the current year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Thursday, February 29th. TriMas’s payout ratio is 16.49%.

Insider Buying and Selling

In other TriMas news, CEO Thomas A. Amato acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average cost of $23.62 per share, with a total value of $236,200.00. Following the transaction, the chief executive officer now owns 286,168 shares of the company’s stock, valued at $6,759,288.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

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.