TriMas Co. (NASDAQ:TRS) Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI cut its stake in TriMas Co. (NASDAQ:TRS) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,610,861 shares of the industrial products company’s stock after selling 578,635 shares during the period. Fiduciary Management Inc. WI owned approximately 6.44% of TriMas worth $64,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRS. Bellecapital International Ltd. purchased a new stake in shares of TriMas during the fourth quarter valued at $29,160,000. Raymond James Financial Inc. purchased a new stake in TriMas during the fourth quarter valued at about $6,698,000. Kennedy Capital Management LLC increased its position in shares of TriMas by 94.8% in the fourth quarter. Kennedy Capital Management LLC now owns 485,721 shares of the industrial products company’s stock worth $11,944,000 after acquiring an additional 236,346 shares in the last quarter. Advisory Research Inc. raised its holdings in shares of TriMas by 41.2% during the fourth quarter. Advisory Research Inc. now owns 754,089 shares of the industrial products company’s stock valued at $18,543,000 after acquiring an additional 220,000 shares during the period. Finally, Norges Bank acquired a new position in TriMas in the 4th quarter worth approximately $3,602,000. Institutional investors own 99.42% of the company’s stock.

TriMas Price Performance

NASDAQ TRS opened at $20.61 on Friday. 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 firm has a market capitalization of $839.16 million, a price-to-earnings ratio of 32.20 and a beta of 0.55. The company has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $24.54. 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 announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 28th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.78%. TriMas’s payout ratio is 27.12%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other TriMas news, Director Jeffrey A. Fielkow bought 2,500 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $20.78 per share, with a total value of $51,950.00. Following the completion of the transaction, the director now directly owns 11,013 shares of the company’s stock, valued at approximately $228,850.14. The trade was a 29.37 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shawn Sedaghat purchased 554,149 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $24.07 per share, for a total transaction of $13,338,366.43. Following the purchase, the director now owns 900,974 shares in the company, valued at $21,686,444.18. The trade was a 159.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 806,246 shares of company stock worth $19,338,213 in the last ninety days. Corporate insiders own 14.20% of the company’s stock.

TriMas Company 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.