Pitcairn Co. reduced its stake in shares of TriMas Corp (NYSE:TRS) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,018 shares of the industrial products company’s stock after selling 581 shares during the period. Pitcairn Co.’s holdings in TriMas Corp were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TRS. Wellington Management Group LLP raised its stake in TriMas Corp by 0.9% in the first quarter. Wellington Management Group LLP now owns 4,827,588 shares of the industrial products company’s stock valued at $100,173,000 after buying an additional 42,072 shares in the last quarter. Vanguard Group Inc. raised its stake in TriMas Corp by 4.7% in the first quarter. Vanguard Group Inc. now owns 3,647,737 shares of the industrial products company’s stock valued at $75,691,000 after buying an additional 164,476 shares in the last quarter. Fiduciary Management Inc. WI raised its stake in TriMas Corp by 8.7% in the first quarter. Fiduciary Management Inc. WI now owns 2,731,135 shares of the industrial products company’s stock valued at $56,671,000 after buying an additional 218,125 shares in the last quarter. Pzena Investment Management LLC raised its stake in TriMas Corp by 34.9% in the first quarter. Pzena Investment Management LLC now owns 2,708,647 shares of the industrial products company’s stock valued at $56,204,000 after buying an additional 700,756 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in TriMas Corp by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,641,954 shares of the industrial products company’s stock valued at $54,821,000 after buying an additional 210,804 shares in the last quarter.

Shares of TriMas Corp (NYSE TRS) opened at 23.70 on Wednesday. The company’s 50-day moving average price is $22.57 and its 200-day moving average price is $21.91. TriMas Corp has a 12 month low of $17.00 and a 12 month high of $25.00. The firm’s market cap is $1.08 billion.

TriMas Corp (NYSE:TRS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. TriMas Corp had a net margin of 6.96% and a return on equity of 11.47%. The business had revenue of $213.39 million for the quarter, compared to analysts’ expectations of $205.22 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts predict that TriMas Corp will post $1.43 EPS for the current year.

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TRS has been the topic of several research analyst reports. BidaskClub upgraded TriMas Corp from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. ValuEngine lowered TriMas Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research lowered TriMas Corp from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. J P Morgan Chase & Co upgraded TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $24.00 target price (up previously from $22.00) on shares of TriMas Corp in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. TriMas Corp has an average rating of “Hold” and a consensus price target of $24.25.

In other news, insider Paul Swart sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total transaction of $74,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert J. Zalupski sold 2,200 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $22.00, for a total transaction of $48,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,082 shares of company stock worth $268,554 in the last three months.

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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Institutional Ownership by Quarter for TriMas Corp (NYSE:TRS)

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