TriMas (NASDAQ:TRS) Reaches New 12-Month High - What's Next?

Shares of TriMas Corporation (NASDAQ:TRS - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $30.54 and last traded at $30.34, with a volume of 104624 shares traded. The stock had previously closed at $30.04.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TRS. Wall Street Zen raised shares of TriMas from a "hold" rating to a "buy" rating in a research report 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.

TriMas Price Performance

The stock has a 50 day moving average of $27.39 and a two-hundred day moving average of $24.62. The stock has a market cap of $1.22 billion, a PE ratio of 39.05 and a beta of 0.63. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 2.82.

TriMas (NASDAQ:TRS - Get Free Report) last announced 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. The business had revenue of $241.67 million during the quarter, compared to analyst estimates of $235.41 million. TriMas had a return on equity of 10.54% and a net margin of 3.36%. The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. Equities analysts anticipate that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.53%. TriMas's dividend payout ratio (DPR) is presently 20.78%.

Insiders Place Their Bets

In related news, Director Adrianne Shapira purchased 4,000 shares of the stock in a transaction on Thursday, June 5th. The shares were purchased at an average cost of $25.82 per share, for a total transaction of $103,280.00. Following the completion of the transaction, the director directly owned 8,476 shares of the company's stock, valued at approximately $218,850.32. The trade was a 89.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shawn Sedaghat purchased 410,172 shares of the stock in a transaction on Wednesday, May 21st. The stock was bought at an average price of $25.43 per share, for a total transaction of $10,430,673.96. Following the completion of the transaction, the director directly owned 1,810,821 shares of the company's stock, valued at approximately $46,049,178.03. This trade represents a 29.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 971,649 shares of company stock valued at $24,585,343 over the last 90 days. 14.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TriMas

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in TriMas by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 3,895,946 shares of the industrial products company's stock valued at $95,801,000 after buying an additional 82,068 shares during the period. Bank of America Corp DE raised its position in shares of TriMas by 127.3% during the fourth quarter. Bank of America Corp DE now owns 3,513,638 shares of the industrial products company's stock worth $86,400,000 after purchasing an additional 1,967,738 shares during the period. Pzena Investment Management LLC raised its position in shares of TriMas by 0.7% during the first quarter. Pzena Investment Management LLC now owns 2,135,554 shares of the industrial products company's stock worth $50,036,000 after purchasing an additional 14,942 shares during the period. Medina Value Partners LLC raised its position in shares of TriMas by 2.9% during the fourth quarter. Medina Value Partners LLC now owns 1,034,882 shares of the industrial products company's stock worth $25,448,000 after purchasing an additional 28,851 shares during the period. Finally, Irenic Capital Management LP acquired a new stake in shares of TriMas during the first quarter worth about $19,997,000. 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.