TriMas Co. (NASDAQ:TRS) Director Buys $31,572.00 in Stock

TriMas Co. (NASDAQ:TRS) Director Adrianne Shapira bought 1,200 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were bought at an average cost of $26.31 per share, for a total transaction of $31,572.00. Following the transaction, the director now owns 4,476 shares in the company, valued at $117,763.56. The trade was a 36.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Adrianne Shapira also recently made the following trade(s):

• On Thursday, June 5th, Adrianne Shapira bought 4,000 shares of TriMas stock. The shares were bought at an average cost of $25.82 per share, for a total transaction of $103,280.00.

TriMas Stock Performance

TRS opened at $25.94 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The firm has a fifty day moving average price of $23.45 and a 200 day moving average price of $24.01. TriMas Co. has a 1 year low of $19.33 and a 1 year high of $28.51. The stock has a market cap of $1.05 billion, a P/E ratio of 40.53 and a beta of 0.61.

TriMas (NASDAQ:TRS) last posted its 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. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The firm had revenue of $241.67 million during the quarter, compared to analysts’ expectations of $235.41 million. During the same period in the previous year, the business posted $0.37 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that TriMas Co. will post 1.69 earnings per share for the current year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, May 6th. TriMas’s dividend payout ratio is currently 20.78%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TRS. BWS Financial reaffirmed a “buy” rating and issued a $40.00 price objective on shares of TriMas in a report on Wednesday, April 30th. Wall Street Zen raised shares of TriMas from a “hold” rating to a “buy” rating in a report on Sunday, June 1st.

Hedge Funds Weigh In On TriMas

Several large investors have recently made changes to their positions in TRS. Sterling Capital Management LLC lifted its stake in shares of TriMas by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,158 shares during the period. State of Wyoming acquired a new position in TriMas during the fourth quarter worth $50,000. KLP Kapitalforvaltning AS acquired a new position in TriMas during the fourth quarter worth $202,000. Comerica Bank raised its position in TriMas by 214.5% during the first quarter. Comerica Bank now owns 11,119 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 7,584 shares during the period. Finally, ProShare Advisors LLC acquired a new position in TriMas during the fourth quarter worth $281,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.