2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP increased its stake in TriMas Co. ( NASDAQ:TRS – Free Report ) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 2,530,874 shares of the industrial products company’s stock after buying an additional 19,436 shares during the quarter. Dimensional Fund Advisors LP owned about 6.23% of TriMas worth $64,689,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRS. Innealta Capital LLC bought a new position in TriMas in the 2nd quarter worth about $26,000. Quantbot Technologies LP lifted its position in shares of TriMas by 5.
7% in the first quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 478 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of TriMas by 79.
8% during the first quarter. BNP Paribas Financial Markets now owns 20,225 shares of the industrial products company’s stock worth $541,000 after acquiring an additional 8,978 shares in the last quarter. Diversified Trust Co increased its holdings in TriMas by 32.
7% in the first quarter. Diversified Trust Co now owns 21,647 shares of the industrial products company’s stock worth $579,000 after buying an additional 5,333 shares during the last quarter. Finally, Price T Rowe Associates Inc.
MD boosted its holdings in TriMas by 6.6% in the first quarter. Price T Rowe Associates Inc.
MD now owns 23,870 shares of the industrial products company’s stock worth $639,000 after purchasing an additional 1,478 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.
TriMas Trading Up 0.7 % TRS stock opened at $25.56 on Friday.
The company has a current ratio of 2.82, a quick ratio of 1.48 and a debt-to-equity ratio of 0.
63. The business’s 50 day moving average is $24.93 and its 200-day moving average is $25.
68. TriMas Co. has a 1-year low of $22.
45 and a 1-year high of $27.89. The firm has a market cap of $1.
04 billion, a P/E ratio of 26.55 and a beta of 0.68.
TriMas Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a $0.04 dividend.
The ex-dividend date was Tuesday, August 6th. This represents a $0.16 annualized dividend and a yield of 0.
63%. TriMas’s dividend payout ratio (DPR) is presently 16.49%.
Wall Street Analyst Weigh In Separately, BWS Financial restated a “buy” rating and set a $40.00 target price on shares of TriMas in a research note on Wednesday, July 31st. View Our Latest Analysis on TRS About TriMas ( Free Report ) 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. Featured Articles Five stocks we like better than TriMas Want to Profit on the Downtrend? Downtrends, Explained.
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