Insider Buying: TriMas Co. (NASDAQ:TRS) Director Buys 1,200 Shares of Stock

TriMas Co. (NASDAQ:TRS - Get Free Report) Director Adrianne Shapira purchased 1,200 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was bought at an average price of $26.31 per share, for a total transaction of $31,572.00. Following the purchase, the director now owns 4,476 shares in the company, valued at approximately $117,763.56. This represents a 36.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adrianne Shapira also recently made the following trade(s):

• On Thursday, June 5th, Adrianne Shapira purchased 4,000 shares of TriMas stock. The stock was bought at an average price of $25.82 per share, for a total transaction of $103,280.00.

TriMas Price Performance

Shares of TriMas stock traded up $0.88 during trading hours on Monday, reaching $26.82. The company's stock had a trading volume of 537,182 shares, compared to its average volume of 336,877. The firm has a 50 day moving average price of $23.51 and a 200-day moving average price of $23.99. TriMas Co. has a one year low of $19.33 and a one year high of $28.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The stock has a market cap of $1.09 billion, a P/E ratio of 41.91 and a beta of 0.61.

TriMas (NASDAQ:TRS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $241.67 million for the quarter, compared to the consensus estimate of $235.41 million. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. On average, analysts predict that TriMas Co. will post 1.69 EPS for the current year.

TriMas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.60%. TriMas's dividend payout ratio is currently 20.78%.

Analyst Upgrades and Downgrades

TRS has been the topic of a number of research reports. BWS Financial restated a "buy" rating and issued a $40.00 target price on shares of TriMas in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of TriMas from a "hold" rating to a "buy" rating in a report on Sunday, June 1st.

Hedge Funds Weigh In On TriMas

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in TriMas in the 1st quarter worth about $868,000. Nexpoint Asset Management L.P. bought a new position in TriMas in the 1st quarter worth about $2,334,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TriMas by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,120 shares of the industrial products company's stock worth $565,000 after acquiring an additional 1,014 shares in the last quarter. Alta Fox Capital Management LLC bought a new position in TriMas in the 1st quarter worth about $17,385,000. Finally, Ancora Advisors LLC bought a new position in TriMas in the 1st quarter worth about $351,000. 99.42% of the stock is currently owned by institutional investors.

TriMas Company Profile

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.