First Eagle Investment Management LLC Makes New Investment in TriMas Co. (NASDAQ:TRS)

First Eagle Investment Management LLC acquired a new stake in shares of TriMas Co. (NASDAQ:TRS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,906 shares of the industrial products company’s stock, valued at approximately $2,303,000.

A number of other institutional investors also recently modified their holdings of the company. ARGA Investment Management LP boosted its holdings in TriMas by 249.4% in the fourth quarter. ARGA Investment Management LP now owns 47,908 shares of the industrial products company’s stock valued at $1,214,000 after acquiring an additional 34,198 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of TriMas by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,513,479 shares of the industrial products company’s stock valued at $63,667,000 after buying an additional 51,030 shares during the period. Jump Financial LLC purchased a new position in shares of TriMas during the fourth quarter valued at about $498,000. Teacher Retirement System of Texas purchased a new stake in TriMas in the fourth quarter worth about $396,000. Finally, Charles Schwab Investment Management Inc. boosted its position in TriMas by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 537,981 shares of the industrial products company’s stock valued at $13,627,000 after acquiring an additional 20,956 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

TriMas Trading Down 0.5 %

TriMas stock opened at $27.66 on Friday. TriMas Co. has a 12 month low of $22.59 and a 12 month high of $29.07. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 28.52 and a beta of 0.71. The business’s fifty day simple moving average is $26.07 and its two-hundred day simple moving average is $25.34. The company has a current ratio of 2.73, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $227.10 million during the quarter, compared to analyst estimates of $220.60 million. TriMas had a net margin of 4.48% and a return on equity of 9.68%. TriMas’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. As a group, equities analysts predict that TriMas Co. will post 2 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were given a $0.04 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.16 annualized dividend and a yield of 0.58%. TriMas’s dividend payout ratio (DPR) is presently 16.49%.

Insider Buying and Selling at TriMas

In other TriMas news, CEO Thomas A. Amato purchased 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average price of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the purchase, the chief executive officer now directly owns 286,168 shares of the company’s stock, valued at $6,759,288.16. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Herbert K. Parker bought 1,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $25.98 per share, with a total value of $25,980.00. Following the transaction, the director now owns 30,057 shares in the company, valued at approximately $780,880.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas A. Amato bought 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were bought at an average price of $23.62 per share, with a total value of $236,200.00. Following the completion of the purchase, the chief executive officer now owns 286,168 shares in the company, valued at approximately $6,759,288.16. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 25,681 shares of company stock worth $647,113. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and issued a $40.00 target price on shares of TriMas in a research report on Wednesday, May 1st.

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.