American Century Companies Inc. acquired a new stake in TriMas Corp (NYSE:TRS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 74,886 shares of the industrial products company’s stock, valued at approximately $1,561,000. American Century Companies Inc. owned 0.16% of TriMas Corp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in TriMas Corp by 231.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 5,404 shares during the period. Sei Investments Co. grew its stake in TriMas Corp by 32.2% in the second quarter. Sei Investments Co. now owns 9,276 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 2,259 shares during the period. GW&K Investment Management LLC acquired a new stake in TriMas Corp in the second quarter valued at approximately $205,000. Marshall Wace North America L.P. acquired a new stake in TriMas Corp in the second quarter valued at approximately $248,000. Finally, Legal & General Group Plc grew its stake in TriMas Corp by 1.9% in the second quarter. Legal & General Group Plc now owns 15,985 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 301 shares during the period.

In related news, Director Nancy Gougarty sold 5,882 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $24.80, for a total value of $145,873.60. Following the sale, the director now owns 19,293 shares in the company, valued at approximately $478,466.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Swart sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $24.76, for a total value of $74,280.00. The disclosure for this sale can be found here.

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TriMas Corp (NYSE:TRS) opened at 26.95 on Friday. TriMas Corp has a 12 month low of $17.11 and a 12 month high of $27.00. The stock’s market cap is $1.23 billion. The company’s 50 day moving average price is $24.30 and its 200 day moving average price is $22.25.

TriMas Corp (NYSE:TRS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $213.39 million for the quarter, compared to the consensus estimate of $205.22 million. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. Equities analysts forecast that TriMas Corp will post $1.43 EPS for the current fiscal year.

A number of brokerages have commented on TRS. BidaskClub cut TriMas Corp from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Jefferies Group LLC reissued a “hold” rating and issued a $24.00 price objective (up previously from $22.00) on shares of TriMas Corp in a research note on Monday, July 31st. J P Morgan Chase & Co raised TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Wednesday, August 9th. Zacks Investment Research cut TriMas Corp from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Seaport Global Securities cut TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. TriMas Corp currently has an average rating of “Hold” and a consensus target price of $24.80.

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.

Institutional Ownership by Quarter for TriMas Corp (NYSE:TRS)

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