TriMas Co. (NASDAQ:TRS) Director Purchases $39,510.00 in Stock

TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker bought 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $26.34 per share, with a total value of $39,510.00. Following the completion of the transaction, the director now directly owns 33,057 shares of the company’s stock, valued at $870,721.38. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

TriMas Trading Down 0.0 %

Shares of NASDAQ:TRS opened at $26.21 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 27.02 and a beta of 0.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.29 and a current ratio of 2.73. The company has a 50 day moving average price of $25.59 and a 200 day moving average price of $25.11. TriMas Co. has a 1-year low of $22.59 and a 1-year high of $29.07.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The business had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.60 million. During the same period last year, the firm posted $0.30 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that TriMas Co. will post 1.91 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Monday, May 6th. TriMas’s dividend payout ratio is currently 16.49%.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and issued a $40.00 price objective on shares of TriMas in a report on Wednesday.

Hedge Funds Weigh In On TriMas

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in shares of TriMas by 79.8% in the first quarter. BNP Paribas Financial Markets now owns 20,225 shares of the industrial products company’s stock worth $541,000 after acquiring an additional 8,978 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in TriMas by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,095,572 shares of the industrial products company’s stock valued at $82,745,000 after purchasing an additional 25,795 shares in the last quarter. Diversified Trust Co grew its stake in TriMas by 32.7% in the first quarter. Diversified Trust Co now owns 21,647 shares of the industrial products company’s stock valued at $579,000 after purchasing an additional 5,333 shares in the last quarter. Quadrature Capital Ltd acquired a new position in TriMas in the 4th quarter worth about $1,102,000. Finally, Vanguard Group Inc. raised its stake in shares of TriMas by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,258,456 shares of the industrial products company’s stock worth $107,867,000 after purchasing an additional 43,423 shares in the last quarter. Hedge funds and other 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.