Paul Swart Sells 3,000 Shares of TriMas Corp (NYSE:TRS) Stock
TriMas Corp (NYSE:TRS) insider Paul Swart sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total value of $74,280.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of TriMas Corp (TRS) traded down 0.21% during midday trading on Friday, reaching $24.00. The company’s stock had a trading volume of 194,625 shares. The company’s market cap is $1.10 billion. TriMas Corp has a 12-month low of $17.00 and a 12-month high of $25.00. The stock’s 50-day moving average price is $21.77 and its 200-day moving average price is $21.74.
TriMas Corp (NYSE:TRS) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. TriMas Corp had a return on equity of 5.55% and a net margin of 3.50%. The company had revenue of $213.39 million during the quarter, compared to analysts’ expectations of $205.22 million. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect that TriMas Corp will post $1.43 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of TriMas Corp by 26.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 522,959 shares of the industrial products company’s stock worth $10,851,000 after buying an additional 109,664 shares during the period. First Trust Advisors LP increased its position in TriMas Corp by 37.1% in the first quarter. First Trust Advisors LP now owns 277,720 shares of the industrial products company’s stock valued at $5,763,000 after buying an additional 75,225 shares during the last quarter. Citadel Advisors LLC increased its position in TriMas Corp by 12.3% in the first quarter. Citadel Advisors LLC now owns 133,615 shares of the industrial products company’s stock valued at $2,773,000 after buying an additional 14,662 shares during the last quarter. GW&K Investment Management LLC purchased a new position in TriMas Corp during the second quarter valued at $205,000. Finally, Capital Fund Management S.A. purchased a new position in TriMas Corp during the first quarter valued at $427,000.
A number of brokerages recently weighed in on TRS. Jefferies Group LLC reaffirmed a “hold” rating and set a $24.00 price objective (up previously from $22.00) on shares of TriMas Corp in a research report on Monday. ValuEngine raised TriMas Corp from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub raised TriMas Corp from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded TriMas Corp from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $23.50.
TriMas Corp Company Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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