Insider Buying: TriMas Co. (NASDAQ:TRS) Director Acquires $39,510.00 in Stock

TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker purchased 1,500 shares of TriMas stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $26.34 per share, with a total value of $39,510.00. Following the transaction, the director now directly owns 33,057 shares in the company, valued at $870,721.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TriMas Stock Performance

Shares of TRS opened at $26.21 on Monday. The business has a 50-day simple moving average of $25.59 and a two-hundred day simple moving average of $25.12. 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 stock has a market cap of $1.07 billion, a price-to-earnings ratio of 27.02 and a beta of 0.71.

TriMas (NASDAQ:TRS) last released its 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. TriMas had a net margin of 4.48% and a return on equity of 9.68%. 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 firm posted $0.30 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that TriMas Co. will post 1.92 EPS for the current year.

TriMas Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, May 6th. TriMas’s dividend payout ratio (DPR) is 16.49%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TRS. Swiss National Bank lifted its position in shares of TriMas by 0.8% in the third quarter. Swiss National Bank now owns 91,300 shares of the industrial products company’s stock valued at $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 worth $384,000 after purchasing an additional 716 shares in the last quarter. Sendero Wealth Management LLC boosted its stake in TriMas by 8.7% in the 4th quarter. Sendero Wealth Management LLC now owns 16,021 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 1,285 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TriMas by 31.4% during the 3rd 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 in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of TriMas by 19.8% during the fourth quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock valued at $382,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “buy” rating and set 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.