River Road Asset Management LLC Decreases Holdings in TriMas Co. (NASDAQ:TRS)

River Road Asset Management LLC trimmed its holdings in shares of TriMas Co. (NASDAQ:TRS) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,410,528 shares of the industrial products company’s stock after selling 44,676 shares during the period. River Road Asset Management LLC owned 3.48% of TriMas worth $34,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TRS. FMR LLC lifted its holdings in shares of TriMas by 1.7% in the 3rd quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock valued at $1,125,000 after purchasing an additional 729 shares during the last quarter. JPMorgan Chase & Co. increased its position in TriMas by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock valued at $982,000 after acquiring an additional 1,227 shares during the period. Charles Schwab Investment Management Inc. increased its position in TriMas by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 582,846 shares of the industrial products company’s stock valued at $14,880,000 after acquiring an additional 4,977 shares during the period. State of New Jersey Common Pension Fund D increased its position in TriMas by 8.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 79,822 shares of the industrial products company’s stock valued at $2,038,000 after acquiring an additional 6,344 shares during the period. Finally, Sasco Capital Inc. CT increased its position in TriMas by 26.6% in the 3rd quarter. Sasco Capital Inc. CT now owns 44,980 shares of the industrial products company’s stock valued at $1,148,000 after acquiring an additional 9,460 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TriMas

In other TriMas news, CFO Scott A. Mell sold 2,218 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $22.54, for a total transaction of $49,993.72. Following the transaction, the chief financial officer now owns 26,288 shares of the company’s stock, valued at $592,531.52. This represents a 7.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey A. Fielkow purchased 2,500 shares of TriMas stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $20.78 per share, for a total transaction of $51,950.00. Following the purchase, the director now owns 11,013 shares in the company, valued at approximately $228,850.14. This trade represents a 29.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TRS has been the topic of several recent research reports. BWS Financial restated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research report on Friday, February 28th. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

TriMas Stock Performance

TRS opened at $24.15 on Tuesday. The stock has a market cap of $980.08 million, a P/E ratio of 37.73 and a beta of 0.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The stock’s 50 day simple moving average is $23.58 and its 200 day simple moving average is $25.07. TriMas Co. has a 1-year low of $19.33 and a 1-year high of $28.51.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 28th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, February 28th. TriMas’s payout ratio is currently 27.12%.

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.