Barington Capital Group L.P. Increases Position in TriMas Co. (NASDAQ:TRS)

Barington Capital Group L.P. boosted its holdings in TriMas Co. (NASDAQ:TRS) by 4.3% in the third quarter, Holdings Channel reports. The firm owned 608,000 shares of the industrial products company’s stock after purchasing an additional 25,000 shares during the quarter. TriMas comprises about 16.4% of Barington Capital Group L.P.’s holdings, making the stock its 2nd biggest position. Barington Capital Group L.P.’s holdings in TriMas were worth $15,522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of TriMas during the 2nd quarter worth approximately $26,000. Aristides Capital LLC bought a new position in shares of TriMas in the second quarter valued at $245,000. Intech Investment Management LLC acquired a new position in TriMas during the third quarter worth $269,000. Paloma Partners Management Co bought a new stake in TriMas during the third quarter worth $293,000. Finally, Algert Global LLC lifted its stake in TriMas by 4.2% in the second quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock valued at $403,000 after acquiring an additional 639 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TRS shares. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. BWS Financial restated a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research note on Tuesday, November 5th.

TriMas Trading Up 0.2 %

Shares of TriMas stock opened at $26.42 on Monday. 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 business has a fifty day simple moving average of $26.42 and a two-hundred day simple moving average of $25.84. TriMas Co. has a 1 year low of $22.45 and a 1 year high of $28.51. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 41.28 and a beta of 0.66.

TriMas (NASDAQ:TRS) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). The company had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. Research analysts forecast that TriMas Co. will post 1.69 EPS for the current year.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Tuesday, November 5th. TriMas’s payout ratio is 25.00%.

About TriMas

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.