Goldman Sachs Group Inc. decreased its holdings in TriMas Corp (NYSE:TRS) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,224,224 shares of the industrial products company’s stock after selling 81,997 shares during the period. Goldman Sachs Group Inc. owned approximately 4.86% of TriMas Corp worth $46,375,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Credit Suisse AG raised its holdings in TriMas Corp by 12.4% in the 1st quarter. Credit Suisse AG now owns 48,151 shares of the industrial products company’s stock valued at $999,000 after acquiring an additional 5,315 shares during the last quarter. Royce & Associates LP raised its holdings in TriMas Corp by 372.3% in the 2nd quarter. Royce & Associates LP now owns 519,572 shares of the industrial products company’s stock valued at $10,833,000 after acquiring an additional 409,572 shares during the last quarter. AMI Investment Management Inc. raised its holdings in TriMas Corp by 88.3% in the 2nd quarter. AMI Investment Management Inc. now owns 102,825 shares of the industrial products company’s stock valued at $2,144,000 after acquiring an additional 48,225 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TriMas Corp by 26.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 522,959 shares of the industrial products company’s stock valued at $10,851,000 after acquiring an additional 109,664 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in TriMas Corp by 12.3% in the 1st quarter. Citadel Advisors LLC now owns 133,615 shares of the industrial products company’s stock valued at $2,773,000 after acquiring an additional 14,662 shares during the last quarter.

Shares of TriMas Corp (TRS) opened at 27.95 on Friday. The firm has a 50-day moving average of $25.59 and a 200-day moving average of $22.83. TriMas Corp has a 12-month low of $17.26 and a 12-month high of $28.40. The firm’s market cap is $1.28 billion.

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 analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $213.39 million during the quarter, compared to analysts’ expectations of $205.22 million. TriMas Corp had a net margin of 6.96% and a return on equity of 11.47%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. On average, equities analysts forecast that TriMas Corp will post $1.43 earnings per share for the current fiscal year.

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

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A number of research firms have commented on TRS. Zacks Investment Research downgraded shares of TriMas Corp from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub upgraded shares of TriMas Corp from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Seaport Global Securities downgraded shares of TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Friday, September 15th. 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. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $24.00 price objective (up previously from $22.00) on shares of TriMas Corp in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.25.

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.

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

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