Insider Selling: TriMas Corp (NASDAQ:TRS) Insider Sells 21,355 Shares of Stock

TriMas Corp (NASDAQ:TRS) insider Joshua A. Sherbin sold 21,355 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $30.26, for a total transaction of $646,202.30. Following the completion of the sale, the insider now directly owns 74,688 shares of the company’s stock, valued at approximately $2,260,058.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

TRS opened at $29.51 on Thursday. TriMas Corp has a 12-month low of $25.18 and a 12-month high of $33.45. The stock has a market cap of $1.36 billion, a P/E ratio of 16.86, a PEG ratio of 3.12 and a beta of 1.53. The company has a current ratio of 2.86, a quick ratio of 1.61 and a debt-to-equity ratio of 0.46.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $221.29 million for the quarter, compared to the consensus estimate of $225.12 million. TriMas had a return on equity of 13.54% and a net margin of 8.86%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS. Equities analysts forecast that TriMas Corp will post 1.91 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Chicago Equity Partners LLC raised its holdings in TriMas by 0.9% during the fourth quarter. Chicago Equity Partners LLC now owns 46,800 shares of the industrial products company’s stock worth $1,277,000 after purchasing an additional 400 shares during the last quarter. Nisa Investment Advisors LLC grew its position in TriMas by 54.4% during the first quarter. Nisa Investment Advisors LLC now owns 2,270 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 800 shares during the period. Toronto Dominion Bank grew its position in TriMas by 29.0% during the first quarter. Toronto Dominion Bank now owns 4,900 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 1,101 shares during the period. Quantamental Technologies LLC lifted its stake in shares of TriMas by 1,552.0% in the first quarter. Quantamental Technologies LLC now owns 1,619 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 1,521 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TriMas by 70.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,755 shares of the industrial products company’s stock valued at $102,000 after buying an additional 1,556 shares in the last quarter. Institutional investors own 97.81% of the company’s stock.

Several brokerages have issued reports on TRS. BidaskClub raised shares of TriMas from a “hold” rating to a “buy” rating in a research note on Monday. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 target price on shares of TriMas in a research note on Monday, February 25th. Finally, Wells Fargo & Co lifted their target price on shares of TriMas from $30.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.50.

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TriMas Company Profile

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.

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