TriMas (NASDAQ:TRS) Reaches New 52-Week High - Time to Buy?

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wall Street Zen raised TriMas from a "hold" rating to a "buy" rating in a report on Sunday, June 1st. BWS Financial restated a "buy" rating and issued a $40.00 price target on shares of TriMas in a research report on Wednesday, April 30th.

TriMas Stock Up 0.8%

The firm has a market cap of $1.16 billion, a PE ratio of 36.90 and a beta of 0.61. The business has a 50-day moving average price of $25.21 and a two-hundred day moving average price of $24.12. The company has a quick ratio of 1.49, a current ratio of 2.82 and a debt-to-equity ratio of 0.63.

TriMas (NASDAQ:TRS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share 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 last year, the company earned $0.37 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts expect that TriMas Corporation will post 1.69 EPS for the current year.

TriMas Announces Dividend

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

Insider Transactions at TriMas

In other news, Director Adrianne Shapira acquired 1,200 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was acquired at an average price of $26.31 per share, with a total value of $31,572.00. Following the completion of the transaction, the director now directly owns 4,476 shares in the company, valued at approximately $117,763.56. This represents a 36.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shawn Sedaghat bought 254,400 shares of TriMas stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average price of $25.39 per share, for a total transaction of $6,459,216.00. Following the completion of the transaction, the director now directly owns 1,295,692 shares of the company's stock, valued at $32,897,619.88. This trade represents a 24.43% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 971,649 shares of company stock worth $24,585,343 over the last 90 days. 14.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Deutsche Bank AG grew its position 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 acquiring an additional 11,363 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $14,889,000 after purchasing an additional 22,656 shares during the period. GAMMA Investing LLC raised its stake in TriMas by 3,802.9% during the first quarter. GAMMA Investing LLC now owns 14,948 shares of the industrial products company's stock worth $350,000 after acquiring an additional 14,565 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of TriMas by 4.7% in the 4th quarter. Bank of New York Mellon Corp now owns 246,097 shares of the industrial products company's stock worth $6,052,000 after purchasing an additional 11,125 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of TriMas by 1.8% during 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 acquiring an additional 4,500 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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.

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