TriMas Corporation (NASDAQ:TRS) Plans Quarterly Dividend of $0.04

TriMas Corporation (NASDAQ:TRS - Get Free Report) announced a quarterly dividend on Tuesday, July 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, August 5th will be given a dividend of 0.04 per share by the industrial products company on Tuesday, August 12th. This represents a $0.16 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, August 5th.

TriMas has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect TriMas to earn $2.04 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 7.8%.

TriMas Stock Performance

TriMas stock traded down $0.10 during mid-day trading on Friday, hitting $31.43. The company had a trading volume of 325,765 shares, compared to its average volume of 290,654. The company has a current ratio of 2.82, a quick ratio of 1.49 and a debt-to-equity ratio of 0.63. TriMas has a 12-month low of $19.33 and a 12-month high of $31.77. The company's fifty day moving average is $28.06 and its 200-day moving average is $24.89. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 40.82 and a beta of 0.63.

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, beating analysts' consensus estimates of $0.43 by $0.03. TriMas had a return on equity of 10.54% and a net margin of 3.36%. The firm had revenue of $241.67 million for the quarter, compared to analyst estimates of $235.41 million. During the same quarter last year, the firm posted $0.37 EPS. The business's revenue was up 6.4% on a year-over-year basis. Equities research analysts predict that TriMas will post 1.69 EPS for the current year.

Insider Buying and Selling at TriMas

In other TriMas news, Director Adrianne Shapira acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of $25.82 per share, with a total value of $103,280.00. Following the transaction, the director owned 8,476 shares of the company's stock, valued at $218,850.32. This trade represents a 89.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Shawn Sedaghat acquired 410,172 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average cost of $25.43 per share, with a total value of $10,430,673.96. Following the completion of the transaction, the director directly owned 1,810,821 shares in the company, valued at approximately $46,049,178.03. The trade was a 29.28% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 971,649 shares of company stock worth $24,585,343. Insiders own 14.20% of the company's stock.

Institutional Trading of TriMas

An institutional investor recently bought a new position in TriMas stock. Jane Street Group LLC acquired a new position in shares of TriMas Corporation (NASDAQ:TRS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 37,026 shares of the industrial products company's stock, valued at approximately $868,000. Jane Street Group LLC owned about 0.09% of TriMas at the end of the most recent quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TRS shares. Wall Street Zen upgraded TriMas from a "hold" rating to a "buy" rating in a report on Sunday, June 1st. BWS Financial reiterated a "buy" rating and set a $40.00 price target on shares of TriMas in a report on Wednesday, April 30th.

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.