TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker Acquires 6,100 Shares

TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker purchased 6,100 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average cost of $26.52 per share, with a total value of $161,772.00. Following the acquisition, the director now owns 39,157 shares in the company, valued at approximately $1,038,443.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TriMas Trading Up 0.8 %

TriMas stock traded up $0.20 during midday trading on Wednesday, reaching $26.45. The stock had a trading volume of 165,750 shares, compared to its average volume of 241,752. The company has a quick ratio of 1.41, a current ratio of 2.73 and a debt-to-equity ratio of 0.63. TriMas Co. has a 52-week low of $22.59 and a 52-week high of $29.07. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 27.06 and a beta of 0.71. The company has a fifty day moving average of $25.61 and a 200 day moving average of $25.15.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The company had revenue of $227.10 million for the quarter, compared to analyst estimates of $220.60 million. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts anticipate that TriMas Co. will post 1.92 earnings per share for the current fiscal year.

TriMas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, May 6th. TriMas’s dividend payout ratio (DPR) is presently 16.49%.

Hedge Funds Weigh In On TriMas

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in TriMas during the 4th quarter valued at about $205,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TriMas by 31.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock valued at $225,000 after buying an additional 2,173 shares during the period. Quantbot Technologies LP raised its stake in TriMas by 5.7% in the first quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after buying an additional 478 shares in the last quarter. Inspire Investing LLC purchased a new stake in TriMas during the third quarter worth $308,000. Finally, Handelsbanken Fonder AB boosted its position in TriMas by 19.8% during the 4th quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock valued at $382,000 after acquiring an additional 2,500 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.