TriMas Co. (NASDAQ:TRS) Director Buys $103,280.00 in Stock

TriMas Co. (NASDAQ:TRS - Get Free Report) Director Adrianne Shapira purchased 4,000 shares of TriMas stock in a transaction that occurred on Thursday, June 5th. The shares were bought 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 in the company, valued at $218,850.32. The trade was a 89.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

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

TriMas Stock Performance

Shares of NASDAQ TRS traded up $0.27 during trading on Friday, reaching $25.94. 158,454 shares of the company traded hands, compared to its average volume of 334,232. The firm has a 50 day simple moving average of $23.40 and a 200-day simple moving average of $24.03. TriMas Co. has a 52-week low of $19.33 and a 52-week high of $28.51. The stock has a market capitalization of $1.05 billion, a PE ratio of 40.53 and a beta of 0.58. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60.

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

TriMas Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Tuesday, May 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.62%. TriMas's payout ratio is 20.78%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On TriMas

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TriMas by 3.7% during 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. Sterling Capital Management LLC boosted its stake in TriMas by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock valued at $32,000 after buying an additional 1,158 shares during the last quarter. MetLife Investment Management LLC grew its holdings in TriMas by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 24,788 shares of the industrial products company's stock valued at $610,000 after buying an additional 1,378 shares in the last quarter. Bank of New York Mellon Corp increased its stake in TriMas by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 247,761 shares of the industrial products company's stock worth $5,805,000 after acquiring an additional 1,664 shares during the last quarter. Finally, State of Wyoming bought a new stake in TriMas in the 4th quarter worth approximately $50,000. 99.42% of the stock is 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.

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