TriMas (NASDAQ:TRS) Director Jeffrey Fielkow Buys 2,000 Shares of Stock

TriMas Corporation (NASDAQ:TRS) Director Jeffrey Fielkow bought 2,000 shares of TriMas stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average cost of $31.46 per share, with a total value of $62,920.00. Following the completion of the acquisition, the director owned 17,653 shares of the company’s stock, valued at $555,363.38. This represents a 12.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TriMas Stock Performance

NASDAQ:TRS traded down $0.48 during trading on Thursday, reaching $31.25. The company’s stock had a trading volume of 91,696 shares, compared to its average volume of 449,333. TriMas Corporation has a 12 month low of $19.33 and a 12 month high of $40.34. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 28.93 and a beta of 0.64. The firm has a 50 day moving average of $37.22 and a 200-day moving average of $32.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 2.68.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $269.26 million for the quarter, compared to the consensus estimate of $262.05 million. TriMas had a net margin of 4.35% and a return on equity of 12.39%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. TriMas has set its FY 2025 guidance at 2.020-2.120 EPS. Research analysts expect that TriMas Corporation will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, November 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. TriMas’s dividend payout ratio (DPR) is presently 14.81%.

Hedge Funds Weigh In On TriMas

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC raised its position in shares of TriMas by 5.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 296,406 shares of the industrial products company’s stock valued at $11,453,000 after buying an additional 15,100 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new position in TriMas in the third quarter valued at $327,000. Quantbot Technologies LP raised its position in TriMas by 13.0% during the third quarter. Quantbot Technologies LP now owns 47,287 shares of the industrial products company’s stock valued at $1,827,000 after purchasing an additional 5,436 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in TriMas in the third quarter worth approximately $48,000. Finally, R Squared Ltd purchased a new stake in TriMas during the third quarter valued at about $279,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TRS. BWS Financial reaffirmed a “buy” rating and set a $45.00 price target on shares of TriMas in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of TriMas in a report on Tuesday. KeyCorp reduced their target price on TriMas from $45.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Zacks Research raised shares of TriMas from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, TriMas has an average rating of “Buy” and an average target price of $41.50.

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.