ExodusPoint Capital Management LP Has $2.55 Million Stock Position in TriMas Co. (NASDAQ:TRS)

ExodusPoint Capital Management LP increased its stake in TriMas Co. (NASDAQ:TRS) by 28.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,724 shares of the industrial products company’s stock after purchasing an additional 23,044 shares during the quarter. ExodusPoint Capital Management LP’s holdings in TriMas were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of TriMas by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 3,895,946 shares of the industrial products company’s stock worth $95,801,000 after acquiring an additional 82,068 shares in the last quarter. Wellington Management Group LLP grew its position in TriMas by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock worth $66,872,000 after purchasing an additional 252,537 shares in the last quarter. Bellecapital International Ltd. acquired a new stake in TriMas during the 4th quarter valued at $29,160,000. State Street Corp lifted its holdings in shares of TriMas by 4.1% in the third quarter. State Street Corp now owns 994,114 shares of the industrial products company’s stock valued at $25,380,000 after purchasing an additional 39,497 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of TriMas by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 605,502 shares of the industrial products company’s stock worth $14,889,000 after buying an additional 22,656 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Stock Performance

TRS stock opened at $20.46 on Tuesday. The stock has a market cap of $833.05 million, a P/E ratio of 31.97 and a beta of 0.55. 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 firm has a 50 day simple moving average of $23.46 and a 200 day simple moving average of $24.88. TriMas Co. has a 52 week low of $19.33 and a 52 week high of $28.51.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 28th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, February 28th. TriMas’s dividend payout ratio is currently 27.12%.

Analysts Set New Price Targets

Separately, BWS Financial reissued a “buy” rating and set a $40.00 price target on shares of TriMas in a research report on Friday, February 28th.

Insider Transactions at TriMas

In other news, Director Shawn Sedaghat purchased 554,149 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $24.07 per share, with a total value of $13,338,366.43. Following the purchase, the director now owns 900,974 shares in the company, valued at $21,686,444.18. This represents a 159.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Fielkow acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $20.78 per share, for a total transaction of $51,950.00. Following the transaction, the director now owns 11,013 shares of the company’s stock, valued at approximately $228,850.14. This represents a 29.37 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 806,246 shares of company stock valued at $19,338,213. 1.10% of the stock is owned by insiders.

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.