Northern Trust Corp grew its position in TriMas Corp (NYSE:TRS) by 4.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 570,940 shares of the industrial products company’s stock after buying an additional 24,883 shares during the period. Northern Trust Corp owned approximately 1.25% of TriMas Corp worth $11,905,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Royce & Associates LP raised its holdings in shares of TriMas Corp by 372.3% during the second quarter. Royce & Associates LP now owns 519,572 shares of the industrial products company’s stock valued at $10,833,000 after purchasing an additional 409,572 shares during the last quarter. Thrivent Financial For Lutherans purchased a new position in shares of TriMas Corp during the second quarter valued at approximately $6,643,000. Dimensional Fund Advisors LP raised its holdings in shares of TriMas Corp by 8.7% during 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 purchasing an additional 210,804 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of TriMas Corp by 4.7% during 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 purchasing an additional 164,476 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of TriMas Corp by 51.5% during the second quarter. Comerica Bank now owns 282,119 shares of the industrial products company’s stock valued at $6,235,000 after purchasing an additional 95,848 shares during the last quarter.
A number of analysts have commented on the stock. BidaskClub cut shares of TriMas Corp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $24.00 target price (up from $22.00) on shares of TriMas Corp in a report on Monday, July 31st. J P Morgan Chase & Co raised shares of TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of TriMas Corp from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, ValuEngine lowered shares of TriMas Corp from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.25.
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In other TriMas Corp news, insider Paul Swart sold 1,500 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $26.57, for a total transaction of $39,855.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
TriMas Corp (NYSE TRS) opened at $25.00 on Monday. TriMas Corp has a 12-month low of $19.75 and a 12-month high of $28.85.
TriMas Corp (NYSE:TRS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. TriMas Corp had a net margin of 6.96% and a return on equity of 11.47%. The business had revenue of $209.30 million during the quarter, compared to analyst estimates of $208.89 million. During the same quarter last year, the business earned $0.35 earnings per share. TriMas Corp’s quarterly revenue was up 3.5% compared to the same quarter last year.
About TriMas Corp
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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