TriMas Co. (NASDAQ:TRS) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC cut its position in shares of TriMas Co. (NASDAQ:TRS) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,703 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Redmond Asset Management LLC’s holdings in TriMas were worth $1,444,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of TriMas by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock valued at $982,000 after buying an additional 1,227 shares in the last quarter. Barclays PLC grew its stake in shares of TriMas by 341.3% in the third quarter. Barclays PLC now owns 68,792 shares of the industrial products company’s stock valued at $1,755,000 after buying an additional 53,203 shares in the last quarter. XTX Topco Ltd purchased a new position in TriMas in the third quarter valued at about $371,000. Jane Street Group LLC boosted its holdings in TriMas by 74.4% in the third quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company’s stock valued at $2,109,000 after purchasing an additional 35,258 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in TriMas by 10.7% in the third quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock valued at $66,872,000 after purchasing an additional 252,537 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Trading Down 2.7 %

Shares of TRS opened at $22.59 on Friday. The company has a market capitalization of $916.48 million, a P/E ratio of 35.30 and a beta of 0.66. TriMas Co. has a one year low of $22.24 and a one year high of $28.51. 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 stock has a 50-day moving average price of $24.21 and a 200 day moving average price of $25.18.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, February 28th. TriMas’s dividend payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

TRS has been the subject of a number of analyst reports. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. BWS Financial reissued a “buy” rating and issued a $40.00 price target on shares of TriMas in a report on Thursday, January 23rd.

TriMas 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.