1 week Ago By Defense World Staff
Legal & General Group Plc lessened its holdings in TriMas Co. ( NASDAQ:TRS – Free Report ) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 39,088 shares of the industrial products company’s stock after selling 6,624 shares during the quarter. Legal & General Group Plc owned about 0.10% of TriMas worth $961,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in TRS. Bellecapital International Ltd. bought a new stake in shares of TriMas during the fourth quarter valued at approximately $29,160,000.
Raymond James Financial Inc. bought a new stake in shares of TriMas in the 4th quarter worth $6,698,000. Norges Bank bought a new position in shares of TriMas during the fourth quarter valued at $3,602,000.
Vanguard Group Inc. lifted its holdings in shares of TriMas by 2.2% during the fourth quarter.
Vanguard Group Inc. now owns 3,895,946 shares of the industrial products company’s stock valued at $95,801,000 after purchasing an additional 82,068 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in TriMas by 38.
5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 255,560 shares of the industrial products company’s stock worth $6,284,000 after buying an additional 71,088 shares in the last quarter. Institutional investors own 99.
42% of the company’s stock. Insider Buying and Selling at TriMas In related news, Director Shawn Sedaghat bought 554,149 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $24.
07 per share, with a total value of $13,338,366.43. Following the transaction, the director now owns 900,974 shares in the company, valued at $21,686,444.
18. This trade represents a 159.78 % increase in their position.
The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, Director Jeffrey A. Fielkow bought 2,500 shares of TriMas stock in a transaction dated Friday, February 28th.
The stock was purchased at an average cost of $20.78 per share, for a total transaction of $51,950.00.
Following the purchase, the director now owns 11,013 shares of the company’s stock, valued at approximately $228,850.14. This trade represents a 29.
37 % increase in their position. The disclosure for this purchase can be found here . In the last ninety days, insiders have purchased 806,246 shares of company stock worth $19,338,213.
Insiders own 14.20% of the company’s stock. Wall Street Analyst Weigh In Read Our Latest Report on TRS TriMas Stock Down 0.
3 % Shares of TRS stock opened at $21.33 on Monday. The company has a debt-to-equity ratio of 0.
60, a current ratio of 2.83 and a quick ratio of 1.44.
TriMas Co. has a one year low of $19.33 and a one year high of $28.
51. The company’s fifty day moving average price is $22.39 and its 200-day moving average price is $24.
39. The company has a market capitalization of $868.47 million, a price-to-earnings ratio of 33.
33 and a beta of 0.55. TriMas Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th.
Investors of record on Tuesday, May 6th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, May 6th.
This represents a $0.16 annualized dividend and a yield of 0.75%.
TriMas’s payout ratio is 27.12%. About TriMas ( Free Report ) 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. Read More Five stocks we like better than TriMas What Are the FAANG Stocks and Are They Good Investments? Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery 3 Monster Growth Stocks to Buy Now O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors How to invest in marijuana stocks in 7 steps Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Want to see what other hedge funds are holding TRS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for TriMas Co. ( NASDAQ:TRS – Free Report ). Receive News & Ratings for TriMas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas and related companies with MarketBeat.
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