TriMas Co. (NASDAQ:TRS) Declares Quarterly Dividend of $0.04

TriMas Co. (NASDAQ:TRS) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Tuesday, May 7th will be given a dividend of 0.04 per share by the industrial products company on Tuesday, May 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, May 6th.

TriMas has a payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TriMas to earn $2.19 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 7.3%.

TriMas Stock Down 0.0 %

Shares of NASDAQ TRS opened at $26.21 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 27.02 and a beta of 0.71. TriMas has a 52 week low of $22.59 and a 52 week high of $29.07. The firm has a 50-day moving average price of $25.59 and a 200 day moving average price of $25.11. The company has a quick ratio of 1.29, a current ratio of 2.73 and a debt-to-equity ratio of 0.63.

TriMas (NASDAQ:TRS) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $227.10 million during the quarter, compared to the consensus estimate of $220.60 million. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. Equities research analysts anticipate that TriMas will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “buy” rating and set a $40.00 target price on shares of TriMas in a research report on Wednesday.

Insider Buying and Selling at TriMas

In related news, Director Herbert K. Parker bought 1,000 shares of TriMas stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $25.98 per share, with a total value of $25,980.00. Following the purchase, the director now owns 30,057 shares in the company, valued at $780,880.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Herbert K. Parker acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $25.98 per share, for a total transaction of $25,980.00. Following the transaction, the director now owns 30,057 shares in the company, valued at approximately $780,880.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Herbert K. Parker bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $26.34 per share, with a total value of $39,510.00. Following the purchase, the director now directly owns 33,057 shares in the company, valued at approximately $870,721.38. The disclosure for this purchase can be found here. Insiders have acquired 13,500 shares of company stock valued at $325,550 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

About TriMas

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.