TriMas Co. (NASDAQ:TRS) Director Purchases $25,980.00 in Stock

TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average cost of $25.98 per share, for a total transaction of $25,980.00. Following the completion of the transaction, the director now directly owns 30,057 shares in the company, valued at $780,880.86. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

TriMas Price Performance

Shares of NASDAQ TRS opened at $26.21 on Friday. The stock has a market cap of $1.07 billion, a P/E ratio of 27.02 and a beta of 0.71. TriMas Co. has a twelve month low of $22.59 and a twelve month high of $29.07. The stock has a 50 day moving average of $25.59 and a two-hundred day moving average of $25.11. The company has a current ratio of 2.73, a quick ratio of 1.29 and a debt-to-equity ratio of 0.63.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.37 EPS for the quarter, beating 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 firm had revenue of $227.10 million during the quarter, compared to the consensus estimate of $220.60 million. During the same quarter in the prior year, the firm earned $0.30 EPS. TriMas’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts forecast that TriMas Co. will post 1.92 earnings per share for the current year.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, May 6th. TriMas’s dividend payout ratio (DPR) is presently 16.49%.

Institutional Trading of TriMas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of TriMas by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,258,456 shares of the industrial products company’s stock valued at $107,867,000 after purchasing an additional 43,423 shares during the period. Fiduciary Management Inc. WI increased its stake in TriMas by 4.3% in the 4th quarter. Fiduciary Management Inc. WI now owns 3,106,943 shares of the industrial products company’s stock valued at $78,699,000 after buying an additional 129,477 shares during the period. Allspring Global Investments Holdings LLC raised its position in TriMas by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,095,572 shares of the industrial products company’s stock worth $82,745,000 after buying an additional 25,795 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of TriMas by 7.0% in the 3rd quarter. Pzena Investment Management LLC now owns 2,570,194 shares of the industrial products company’s stock worth $63,638,000 after acquiring an additional 167,452 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of TriMas by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,513,479 shares of the industrial products company’s stock worth $63,667,000 after acquiring an additional 51,030 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.