Adrianne Shapira Purchases 4,000 Shares of TriMas Co. (NASDAQ:TRS) Stock

TriMas Co. (NASDAQ:TRS - Get Free Report) Director Adrianne Shapira purchased 4,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was acquired at an average price of $25.82 per share, for a total transaction of $103,280.00. Following the completion of the transaction, the director now owns 8,476 shares of the company's stock, valued at $218,850.32. This represents a 89.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, June 4th, Adrianne Shapira acquired 1,200 shares of TriMas stock. The shares were bought at an average price of $26.31 per share, for a total transaction of $31,572.00.

TriMas Trading Up 3.4%

TriMas stock traded up $0.88 during mid-day trading on Monday, hitting $26.82. The stock had a trading volume of 537,182 shares, compared to its average volume of 336,877. The stock has a 50-day simple moving average of $23.51 and a two-hundred day simple moving average of $23.99. The stock has a market capitalization of $1.09 billion, a PE ratio of 41.91 and a beta of 0.61. TriMas Co. has a 12 month low of $19.33 and a 12 month high of $28.51. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60.

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

TriMas Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On TriMas

A number of hedge funds have recently modified their holdings of the business. Deutsche Bank AG grew its stake in TriMas by 45.6% in the fourth quarter. Deutsche Bank AG now owns 36,305 shares of the industrial products company's stock valued at $893,000 after purchasing an additional 11,363 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in TriMas by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 605,502 shares of the industrial products company's stock valued at $14,889,000 after purchasing an additional 22,656 shares in the last quarter. Bank of New York Mellon Corp grew its stake in TriMas by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 246,097 shares of the industrial products company's stock valued at $6,052,000 after purchasing an additional 11,125 shares in the last quarter. First Eagle Investment Management LLC grew its stake in TriMas by 1.8% in the fourth quarter. First Eagle Investment Management LLC now owns 257,506 shares of the industrial products company's stock valued at $6,332,000 after purchasing an additional 4,500 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TriMas by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,106 shares of the industrial products company's stock valued at $568,000 after purchasing an additional 834 shares in the last quarter. Institutional investors and hedge funds 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.