TriMas Co. (NASDAQ:TRS) Director Teresa Finley Purchases 6,014 Shares

TriMas Co. (NASDAQ:TRSGet Rating) Director Teresa Finley acquired 6,014 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were bought at an average cost of $26.66 per share, with a total value of $160,333.24. Following the acquisition, the director now directly owns 19,871 shares in the company, valued at $529,760.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

TriMas Stock Up 1.1 %

TRS opened at $27.61 on Tuesday. The firm has a 50-day simple moving average of $28.01 and a two-hundred day simple moving average of $29.14. TriMas Co. has a 52 week low of $23.85 and a 52 week high of $38.72. The company has a market capitalization of $1.16 billion, a PE ratio of 17.81 and a beta of 0.71. The company has a quick ratio of 1.42, a current ratio of 2.48 and a debt-to-equity ratio of 0.63.

TriMas (NASDAQ:TRSGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The industrial products company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. TriMas had a net margin of 7.44% and a return on equity of 12.74%. The firm had revenue of $237.70 million during the quarter, compared to the consensus estimate of $238.92 million. During the same quarter last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts forecast that TriMas Co. will post 2.27 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, August 4th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Wednesday, August 3rd. TriMas’s payout ratio is 10.32%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of TriMas from a “hold” rating to a “buy” rating in a report on Tuesday, August 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of TriMas by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,080,071 shares of the industrial products company’s stock valued at $130,930,000 after acquiring an additional 44,136 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in TriMas by 21.0% in the fourth quarter. Wasatch Advisors Inc. now owns 4,049,375 shares of the industrial products company’s stock worth $149,827,000 after purchasing an additional 701,588 shares during the last quarter. Victory Capital Management Inc. lifted its stake in TriMas by 21.7% in the second quarter. Victory Capital Management Inc. now owns 3,005,494 shares of the industrial products company’s stock worth $83,222,000 after purchasing an additional 535,690 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in TriMas by 2.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,804,861 shares of the industrial products company’s stock worth $66,780,000 after purchasing an additional 47,061 shares during the last quarter. Finally, River Road Asset Management LLC lifted its stake in TriMas by 99.3% in the second quarter. River Road Asset Management LLC now owns 1,357,694 shares of the industrial products company’s stock worth $37,595,000 after purchasing an additional 676,350 shares during the last quarter.

TriMas Company Profile

(Get Rating)

TriMas Corporation designs, develops, manufactures, and sells products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. 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, flexible spouts, and agricultural closures; polymeric jar products; integrated dispensers; bag-in-box products; aseptic closures; industrial closures and flex spouts; custom injection molded components and devices; various injection molded products; and single-bodied and assembled caps and closures under the Rieke, Taplast, Affaba & Ferrari, Stolz, Omega, and Rapak brands.

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