Insider Buying: TriMas Co. (NASDAQ:TRS) Director Acquires $6,459,216.00 in Stock

TriMas Co. (NASDAQ:TRS) Director Shawn Sedaghat bought 254,400 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $25.39 per share, for a total transaction of $6,459,216.00. Following the completion of the transaction, the director now owns 1,295,692 shares in the company, valued at $32,897,619.88. This represents a 24.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shawn Sedaghat also recently made the following trade(s):

• On Thursday, May 22nd, Shawn Sedaghat purchased 72,937 shares of TriMas stock. The stock was bought at an average cost of $26.16 per share, for a total transaction of $1,908,031.92.
• On Wednesday, May 21st, Shawn Sedaghat acquired 410,172 shares of TriMas stock. The shares were purchased at an average cost of $25.43 per share, for a total transaction of $10,430,673.96.
• On Tuesday, May 20th, Shawn Sedaghat bought 104,957 shares of TriMas stock. The shares were acquired at an average price of $25.70 per share, for a total transaction of $2,697,394.90.
• On Wednesday, April 30th, Shawn Sedaghat purchased 123,388 shares of TriMas stock. The shares were bought at an average cost of $23.83 per share, for a total transaction of $2,940,336.04.
• On Monday, March 10th, Shawn Sedaghat purchased 554,149 shares of TriMas stock. The stock was purchased at an average price of $24.07 per share, for a total transaction of $13,338,366.43.
• On Friday, March 7th, Shawn Sedaghat bought 249,597 shares of TriMas stock. The shares were acquired at an average cost of $23.83 per share, with a total value of $5,947,896.51.

TriMas Trading Down 2.5%

Shares of NASDAQ:TRS opened at $25.42 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The company’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $24.07. The stock has a market capitalization of $1.03 billion, a PE ratio of 39.72 and a beta of 0.58. TriMas Co. has a one year low of $19.33 and a one year high of $28.51.

TriMas (NASDAQ:TRS) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $241.67 million for the quarter, compared to the consensus estimate of $235.41 million. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. On average, equities analysts forecast that TriMas Co. will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Tuesday, May 6th. TriMas’s payout ratio is presently 20.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered TriMas from a “buy” rating to a “hold” rating in a research report on Saturday. BWS Financial reiterated a “buy” rating and set a $40.00 target price on shares of TriMas in a report on Wednesday, April 30th.

Hedge Funds Weigh In On TriMas

Several large investors have recently modified their holdings of TRS. Sterling Capital Management LLC increased its position in TriMas by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,158 shares during the period. State of Wyoming bought a new position in TriMas in the 4th quarter valued at approximately $50,000. KLP Kapitalforvaltning AS acquired a new stake in shares of TriMas during the 4th quarter valued at $202,000. Comerica Bank boosted its stake in shares of TriMas by 214.5% during the first quarter. Comerica Bank now owns 11,119 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 7,584 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in TriMas during the 4th quarter worth approximately $281,000. 99.42% of the stock is owned by institutional investors.

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.