TriMas (NASDAQ:TRS) Reaches New 52-Week High - What's Next?

TriMas Corporation (NASDAQ:TRS - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $28.77 and last traded at $28.75, with a volume of 108099 shares changing hands. The stock had previously closed at $28.24.

Analyst Ratings Changes

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

TriMas Trading Up 0.8%

The firm has a 50-day moving average of $25.36 and a 200 day moving average of $24.10. The company has a market cap of $1.16 billion, a P/E ratio of 37.16 and a beta of 0.61. 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 (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, topping the consensus estimate of $0.43 by $0.03. TriMas had a return on equity of 10.54% and a net margin of 3.36%. The business had revenue of $241.67 million for the quarter, compared to analyst estimates of $235.41 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The company's quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that TriMas Corporation will post 1.69 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were issued a $0.04 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.56%. TriMas's dividend payout ratio is presently 20.78%.

Insider Buying and Selling

In other TriMas news, Director Adrianne Shapira purchased 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average cost of $25.82 per share, with a total value of $103,280.00. Following the completion of the transaction, the director owned 8,476 shares of the company's stock, valued at $218,850.32. The trade was a 89.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Shawn Sedaghat bought 410,172 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was purchased 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 of the company's stock, valued at approximately $46,049,178.03. The trade was a 29.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 971,649 shares of company stock worth $24,585,343 in the last 90 days. Corporate insiders own 14.20% of the company's stock.

Institutional Trading of TriMas

Large investors have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in shares of TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock worth $32,000 after acquiring an additional 1,158 shares during the period. State of Wyoming bought a new stake in TriMas during the fourth quarter valued at $50,000. KLP Kapitalforvaltning AS bought a new stake in TriMas during the fourth quarter valued at $202,000. Comerica Bank boosted its stake in TriMas by 214.5% during the first quarter. Comerica Bank now owns 11,119 shares of the industrial products company's stock valued at $261,000 after buying an additional 7,584 shares during the period. Finally, ProShare Advisors LLC bought a new stake in TriMas during the fourth quarter valued at $281,000. 99.42% of the stock is owned by hedge funds and other 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.