TriMas Co. (NASDAQ:TRS) Director Buys $161,772.00 in Stock

TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker acquired 6,100 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $26.52 per share, for a total transaction of $161,772.00. Following the acquisition, the director now owns 39,157 shares of the company’s stock, valued at approximately $1,038,443.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TriMas Trading Up 0.8 %

Shares of TRS traded up $0.20 during trading hours on Wednesday, hitting $26.45. The company had a trading volume of 165,750 shares, compared to its average volume of 241,752. The firm has a market cap of $1.08 billion, a P/E ratio of 27.06 and a beta of 0.71. The stock’s 50 day moving average price is $25.61 and its 200 day moving average price is $25.15. The company has a quick ratio of 1.41, a current ratio of 2.73 and a debt-to-equity ratio of 0.63. TriMas Co. has a 52-week low of $22.59 and a 52-week high of $29.07.

TriMas (NASDAQ:TRS) last announced 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. TriMas had a return on equity of 9.68% and a net margin of 4.48%. The company had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.60 million. During the same quarter in the previous year, the business earned $0.30 EPS. TriMas’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that TriMas Co. will post 1.92 EPS for the current year.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, May 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.60%. TriMas’s dividend payout ratio is presently 16.49%.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “buy” rating and issued a $40.00 price objective on shares of TriMas in a report on Wednesday, May 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in TriMas during the 4th quarter valued at approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TriMas by 31.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 2,173 shares in the last quarter. Quantbot Technologies LP boosted its position in TriMas by 5.7% during the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 478 shares in the last quarter. Inspire Investing LLC bought a new stake in TriMas during the 3rd quarter valued at approximately $308,000. Finally, Handelsbanken Fonder AB boosted its position in TriMas by 19.8% during the 4th quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock valued at $382,000 after acquiring an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 99.42% 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.