Bank of New York Mellon Corp grew its holdings in shares of TriMas Corp (NYSE:TRS) by 1.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 264,752 shares of the industrial products company’s stock after acquiring an additional 3,341 shares during the quarter. Bank of New York Mellon Corp owned about 0.58% of TriMas Corp worth $5,519,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Sei Investments Co. grew its stake in shares of TriMas Corp by 32.2% in the second quarter. Sei Investments Co. now owns 9,276 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 2,259 shares in the last quarter. GW&K Investment Management LLC bought a new stake in shares of TriMas Corp during the second quarter valued at about $205,000. Renaissance Technologies LLC bought a new stake in shares of TriMas Corp during the first quarter valued at about $357,000. Tudor Investment Corp ET AL raised its stake in shares of TriMas Corp by 14.6% during the first quarter. Tudor Investment Corp ET AL now owns 20,679 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 2,635 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of TriMas Corp by 9.2% during the first quarter. Bank of America Corp DE now owns 25,817 shares of the industrial products company’s stock valued at $536,000 after purchasing an additional 2,169 shares in the last quarter.

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TRS has been the topic of several research analyst reports. BidaskClub raised shares of TriMas Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of TriMas Corp from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Saturday, July 1st. ValuEngine upgraded shares of TriMas Corp from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $24.00 price objective (up from $22.00) on shares of TriMas Corp in a report on Monday, July 31st. Finally, J P Morgan Chase & Co upgraded shares of TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.80.

In other TriMas Corp news, Director Nancy Gougarty sold 5,882 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $24.80, for a total transaction of $145,873.60. Following the transaction, the director now owns 19,293 shares of the company’s stock, valued at approximately $478,466.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul Swart sold 3,000 shares of the company’s stock in a transaction 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.

TriMas Corp (NYSE:TRS) opened at 27.65 on Wednesday. The company’s market cap is $1.26 billion. The company’s 50-day moving average price is $25.24 and its 200 day moving average price is $22.72. TriMas Corp has a 52 week low of $17.26 and a 52 week high of $27.85.

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

TriMas Corp Company Profile

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.

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

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