TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker Purchases 6,000 Shares

TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker bought 6,000 shares of TriMas stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $26.27 per share, for a total transaction of $157,620.00. Following the completion of the transaction, the director now owns 51,157 shares of the company’s stock, valued at approximately $1,343,894.39. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

TriMas Trading Up 0.8 %

TriMas stock opened at $26.45 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.41 and a current ratio of 2.73. TriMas Co. has a 1 year low of $22.59 and a 1 year high of $29.07. The firm’s 50-day moving average is $25.63 and its 200-day moving average is $25.16. The company has a market cap of $1.08 billion, a P/E ratio of 27.27 and a beta of 0.71.

TriMas (NASDAQ:TRS) last posted its 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 return on equity of 9.68% and a net margin of 4.48%. The company had revenue of $227.10 million during the quarter, compared to analyst estimates of $220.60 million. During the same period in the prior year, the company earned $0.30 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that TriMas Co. will post 1.92 earnings per share for the current 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 given a $0.04 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.16 annualized dividend and a yield of 0.60%. TriMas’s dividend payout ratio is presently 16.49%.

Institutional Investors Weigh In On TriMas

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP lifted its holdings in shares of TriMas by 5.7% in the first quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock valued at $239,000 after buying an additional 478 shares during the period. Swiss National Bank raised its position in TriMas by 0.8% in the third quarter. Swiss National Bank now owns 91,300 shares of the industrial products company’s stock worth $2,261,000 after acquiring an additional 700 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in TriMas by 5.0% in the 4th quarter. Summit Trail Advisors LLC now owns 15,158 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 716 shares during the last quarter. Sendero Wealth Management LLC boosted its position in shares of TriMas by 8.7% during the 4th quarter. Sendero Wealth Management LLC now owns 16,021 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 1,285 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TriMas by 31.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 2,173 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research note on Wednesday, May 1st.

TriMas Company Profile

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.