TriMas Co. (NASDAQ:TRS) Chairman Samuel Valenti III Sells 4,000 Shares of Stock

TriMas Co. (NASDAQ:TRS – Get Rating) Chairman Samuel Valenti III sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $29.68, for a total transaction of $118,720.00. Following the transaction, the chairman now owns 8,148 shares in the company, valued at approximately $241,832.64. The sale was disclosed in a filing with the SEC, which is available at this link.

TriMas Trading Down 1.7 %

Shares of TriMas stock opened at $28.54 on Tuesday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 18.18 and a beta of 0.72. TriMas Co. has a 12-month low of $21.41 and a 12-month high of $33.69. The firm’s 50 day simple moving average is $29.91 and its two-hundred day simple moving average is $27.82. The company has a current ratio of 3.02, a quick ratio of 1.85 and a debt-to-equity ratio of 0.61.

TriMas (NASDAQ:TRS – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The business had revenue of $203.31 million during the quarter, compared to analyst estimates of $211.65 million. TriMas had a return on equity of 11.90% and a net margin of 7.49%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. Analysts predict that TriMas Co. will post 1.92 EPS for the current year.

TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 9th. Stockholders of record on Thursday, March 2nd were paid a $0.04 dividend. The ex-dividend date was Wednesday, March 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.56%. TriMas’s payout ratio is currently 10.19%.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of TriMas from a “c+” rating to a “b-” rating in a research note on Tuesday, February 14th.

Institutional Trading of TriMas

Hedge funds and other institutional investors have recently made changes to their positions in the business. ARGA Investment Management LP acquired a new stake in shares of TriMas in the third quarter worth $344,000. River Road Asset Management LLC grew its position in TriMas by 7.1% during the third quarter. River Road Asset Management LLC now owns 1,453,877 shares of the industrial products company’s stock valued at $36,449,000 after buying an additional 96,183 shares during the period. Ellevest Inc. grew its position in TriMas by 1,117.7% during the third quarter. Ellevest Inc. now owns 2,545 shares of the industrial products company’s stock valued at $64,000 after buying an additional 2,336 shares during the period. Victory Capital Management Inc. grew its position in TriMas by 4.8% during the third quarter. Victory Capital Management Inc. now owns 3,151,070 shares of the industrial products company’s stock valued at $78,997,000 after buying an additional 145,576 shares during the period. Finally, Martingale Asset Management L P grew its position in TriMas by 7.4% during the second quarter. Martingale Asset Management L P now owns 43,436 shares of the industrial products company’s stock valued at $1,203,000 after buying an additional 3,001 shares during the period. Institutional investors and hedge funds own 99.94% of the company’s stock.

About TriMas

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TriMas Corp. engages in the manufacture of industrial products for customers in the consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets. It operates through the following segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs and manufactures dispensing products, including foaming pumps, lotion and hand soap pumps, sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers, polymeric and steel caps and closures, including food lids, flip-top closures, child resistant caps, drum and pail closures, and flexible spouts, polymeric jar products, and fully integrated dispensers for fill-ready bag-in-box applications, all for a variety of consumer product markets including, but not limited to, beauty and personal care, home care, food and beverage, and pharmaceutical and nutraceutical, as well as the industrial market.