TriMas (NASDAQ:TRS) Director Herbert Parker Sells 15,000 Shares of Stock

TriMas Corporation (NASDAQ:TRS) Director Herbert Parker sold 15,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $45.03, for a total value of $675,450.00. Following the sale, the director directly owned 57,762 shares in the company, valued at approximately $2,601,022.86. This trade represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriMas Stock Down 3.9%

TRS stock opened at $43.28 on Thursday. TriMas Corporation has a 52 week low of $28.98 and a 52 week high of $45.43. The business has a 50-day simple moving average of $40.58 and a 200 day simple moving average of $37.60. The company has a quick ratio of 4.50, a current ratio of 4.85 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.55 billion, a PE ratio of 1.80 and a beta of 0.60.

TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.24). TriMas had a return on equity of 8.38% and a net margin of 93.79%.The firm had revenue of $168.28 million for the quarter, compared to analyst estimates of $158.24 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. TriMas has set its FY 2026 guidance at 1.500-1.70 EPS. Sell-side analysts anticipate that TriMas Corporation will post 1.67 EPS for the current fiscal year.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, May 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. TriMas’s dividend payout ratio (DPR) is currently 0.66%.

Wall Street Analyst Weigh In

Several research analysts have commented on TRS shares. Zacks Research upgraded shares of TriMas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings raised TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.50.

Institutional Trading of TriMas

Hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc acquired a new position in shares of TriMas during the first quarter worth $28,000. Covestor Ltd lifted its stake in shares of TriMas by 20,525.0% in the 4th quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 821 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of TriMas during the 4th quarter valued at $29,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of TriMas during the 4th quarter valued at $35,000. Finally, Rockefeller Capital Management L.P. grew its position in TriMas by 1,958.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,029 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 979 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Company Profile

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.