TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker Buys 1,500 Shares

TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker purchased 1,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $26.34 per share, with a total value of $39,510.00. Following the acquisition, the director now owns 33,057 shares of the company’s stock, valued at $870,721.38. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

TriMas Trading Down 0.0 %

NASDAQ TRS traded down $0.01 during trading hours on Friday, hitting $26.21. The company’s stock had a trading volume of 220,371 shares, compared to its average volume of 243,264. TriMas Co. has a twelve month low of $22.59 and a twelve month high of $29.07. The firm has a market capitalization of $1.07 billion, a P/E ratio of 27.02 and a beta of 0.71. The company has a quick ratio of 1.29, a current ratio of 2.73 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $25.59 and a 200 day moving average of $25.11.

TriMas (NASDAQ:TRS) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $227.10 million for the quarter, compared to analyst estimates of $220.60 million. TriMas had a return on equity of 9.68% and a net margin of 4.48%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. Equities research analysts forecast that TriMas Co. will post 1.91 earnings per share for the current fiscal year.

TriMas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Monday, May 6th. TriMas’s payout ratio is 16.49%.

Institutional Trading of TriMas

A number of large investors have recently made changes to their positions in TRS. Oppenheimer Asset Management Inc. boosted its stake in TriMas by 30.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 43,581 shares of the industrial products company’s stock worth $1,079,000 after purchasing an additional 10,098 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of TriMas by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 517,025 shares of the industrial products company’s stock worth $12,802,000 after purchasing an additional 21,767 shares in the last quarter. Vanguard Group Inc. boosted its holdings in TriMas by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,215,033 shares of the industrial products company’s stock worth $104,364,000 after purchasing an additional 34,517 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in TriMas by 16.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock valued at $77,757,000 after purchasing an additional 422,717 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in TriMas by 8.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 102,562 shares of the industrial products company’s stock valued at $2,598,000 after buying an additional 7,903 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reissued a “buy” rating and issued a $40.00 target price on shares of TriMas in a research note 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.