TriMas Co. (NASDAQ:TRS) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC reduced its stake in TriMas Co. (NASDAQ:TRS) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,472,513 shares of the industrial products company’s stock after selling 5,806 shares during the period. River Road Asset Management LLC owned 3.56% of TriMas worth $37,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in TriMas by 30.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 43,581 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 10,098 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in TriMas by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 517,025 shares of the industrial products company’s stock valued at $12,802,000 after purchasing an additional 21,767 shares during the last quarter. Vanguard Group Inc. lifted its stake in TriMas by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,215,033 shares of the industrial products company’s stock valued at $104,364,000 after purchasing an additional 34,517 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in TriMas by 16.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock valued at $77,757,000 after purchasing an additional 422,717 shares during the last quarter. Finally, Redmond Asset Management LLC lifted its stake in TriMas by 157.8% during the third quarter. Redmond Asset Management LLC now owns 67,042 shares of the industrial products company’s stock valued at $1,660,000 after purchasing an additional 41,036 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

TriMas Price Performance

TRS stock traded down $0.17 on Wednesday, hitting $25.04. 221,183 shares of the company’s stock traded hands, compared to its average volume of 220,545. TriMas Co. has a 1-year low of $22.59 and a 1-year high of $29.07. The stock has a fifty day moving average of $25.35 and a 200-day moving average of $24.96. The company has a current ratio of 2.49, a quick ratio of 1.29 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 26.06 and a beta of 0.71.

TriMas (NASDAQ:TRS) last released its quarterly earnings results 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). TriMas had a net margin of 4.52% and a return on equity of 8.85%. The firm had revenue of $209.60 million for the quarter, compared to analyst estimates of $246.44 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, analysts forecast that TriMas Co. will post 1.94 EPS for the current fiscal year.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.64%. TriMas’s dividend payout ratio is currently 16.49%.

Insider Activity

In other news, CEO Thomas A. Amato purchased 10,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 286,168 shares of the company’s stock, valued at $6,759,288.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

TriMas 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.