TriMas (NASDAQ:TRS) Sees Large Volume Increase – Should You Buy?

Shares of TriMas Co. (NASDAQ:TRS) saw strong trading volume on Tuesday . 684,672 shares changed hands during trading, an increase of 187% from the previous session’s volume of 238,817 shares.The stock last traded at $24.15 and had previously closed at $23.88.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TRS shares. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. BWS Financial reaffirmed a “buy” rating and issued a $40.00 target price on shares of TriMas in a research note on Thursday, January 23rd.

TriMas Trading Down 1.6 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. The firm has a market capitalization of $942.04 million, a PE ratio of 36.28 and a beta of 0.66. The stock’s 50-day simple moving average is $24.21 and its 200-day simple moving average is $25.18.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 28th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.69%. TriMas’s payout ratio is currently 25.00%.

Institutional Investors Weigh In On TriMas

Institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its holdings in shares of TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,158 shares in the last quarter. State of Wyoming bought a new position in TriMas during the fourth quarter valued at $50,000. KLP Kapitalforvaltning AS purchased a new position in shares of TriMas in the 4th quarter worth $202,000. Intech Investment Management LLC bought a new stake in shares of TriMas in the 3rd quarter worth about $269,000. Finally, ProShare Advisors LLC purchased a new stake in shares of TriMas during the 4th quarter valued at about $281,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.