TriMas (NASDAQ:TRS) Shares Gap Down – Should You Sell?

TriMas Co. (NASDAQ:TRS) shares gapped down prior to trading on Monday . The stock had previously closed at $27.06, but opened at $26.36. TriMas shares last traded at $26.11, with a volume of 17,817 shares traded.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and set a $40.00 price target on shares of TriMas in a research note on Wednesday, October 9th.

TriMas Stock Down 5.3 %

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.82. The stock’s 50 day moving average price is $25.83 and its 200-day moving average price is $25.82. The company has a market cap of $1.04 billion, a PE ratio of 27.17 and a beta of 0.66.

TriMas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.62%. TriMas’s dividend payout ratio is currently 16.33%.

Institutional Trading of TriMas

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Impax Asset Management Group plc grew its stake in shares of TriMas by 216.4% in the third quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock worth $10,467,000 after purchasing an additional 280,431 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of TriMas by 197.8% in the 1st quarter. Kennedy Capital Management LLC now owns 273,200 shares of the industrial products company’s stock worth $7,303,000 after buying an additional 181,447 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of TriMas by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock valued at $116,503,000 after buying an additional 100,068 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of TriMas by 109.2% during the first quarter. First Eagle Investment Management LLC now owns 190,206 shares of the industrial products company’s stock valued at $5,084,000 after acquiring an additional 99,300 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in TriMas by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company’s stock worth $80,298,000 after acquiring an additional 51,701 shares during the period. Institutional investors own 99.42% 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.