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

TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker acquired 1,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of $25.98 per share, for a total transaction of $25,980.00. Following the acquisition, the director now owns 30,057 shares in the company, valued at approximately $780,880.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TriMas Price Performance

Shares of NASDAQ:TRS opened at $26.21 on Monday. The company’s fifty day moving average is $25.59 and its two-hundred day moving average is $25.12. The company 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 12-month low of $22.59 and a 12-month high of $29.07. 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 (NASDAQ:TRS) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share 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 firm had revenue of $227.10 million for the quarter, compared to analyst estimates of $220.60 million. During the same period in the previous year, the firm earned $0.30 earnings per share. TriMas’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts expect that TriMas Co. will post 1.92 earnings per share for the current fiscal year.

TriMas Announces Dividend

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 issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Monday, May 6th. TriMas’s dividend payout ratio is currently 16.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. increased its stake in shares of TriMas by 30.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 43,581 shares of the industrial products company’s stock worth $1,079,000 after acquiring an additional 10,098 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in TriMas by 4.4% in the 3rd 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 during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of TriMas by 16.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock worth $77,757,000 after purchasing an additional 422,717 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of TriMas by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,215,033 shares of the industrial products company’s stock valued at $104,364,000 after buying an additional 34,517 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of 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 in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

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 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.