Gotham Asset Management LLC purchased a new stake in TriMas Corp (NYSE:TRS) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 26,851 shares of the industrial products company’s stock, valued at approximately $557,000.
A number of other large investors have also modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of TriMas Corp during the first quarter valued at approximately $357,000. Capital Fund Management S.A. acquired a new stake in shares of TriMas Corp during the first quarter valued at approximately $427,000. Bank of America Corp DE boosted its stake in shares of TriMas Corp by 9.2% in the first quarter. Bank of America Corp DE now owns 25,817 shares of the industrial products company’s stock valued at $536,000 after buying an additional 2,169 shares during the period. American International Group Inc. boosted its stake in shares of TriMas Corp by 7.1% in the first quarter. American International Group Inc. now owns 27,762 shares of the industrial products company’s stock valued at $576,000 after buying an additional 1,841 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of TriMas Corp by 133.6% in the first quarter. Virginia Retirement Systems ET AL now owns 31,300 shares of the industrial products company’s stock valued at $649,000 after buying an additional 17,900 shares during the period.
Shares of TriMas Corp (TRS) opened at 21.15 on Monday. TriMas Corp has a one year low of $17.00 and a one year high of $24.25. The stock has a 50 day moving average of $21.68 and a 200-day moving average of $21.94. The company’s market capitalization is $966.83 million.
TriMas Corp (NYSE:TRS) last released its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. TriMas Corp had a net margin of 3.50% and a return on equity of 5.55%. The business had revenue of $199.80 million for the quarter, compared to analysts’ expectations of $200.40 million. During the same period in the previous year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that TriMas Corp will post $1.40 earnings per share for the current fiscal year.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of TriMas Corp from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Saturday, July 1st. ValuEngine raised shares of TriMas Corp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $22.00 target price (up from $18.00) on shares of TriMas Corp in a report on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. TriMas Corp has an average rating of “Hold” and an average price target of $23.00.
In other TriMas Corp news, CFO Robert J. Zalupski sold 2,200 shares of TriMas Corp stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $22.00, for a total value of $48,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas A. Amato acquired 1,700 shares of the stock in a transaction on Thursday, May 4th. The stock was bought at an average cost of $22.75 per share, for a total transaction of $38,675.00. Following the transaction, the insider now owns 57,379 shares of the company’s stock, valued at approximately $1,305,372.25. The disclosure for this purchase can be found here.
TriMas Corp Company Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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