Insider Buying: TriMas Co. (NASDAQ:TRS) Director Purchases 4,000 Shares of Stock

TriMas Co. (NASDAQ:TRS) Director Adrianne Shapira purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were acquired at an average cost of $25.82 per share, with a total value of $103,280.00. Following the completion of the purchase, the director now directly owns 8,476 shares in the company, valued at approximately $218,850.32. This represents a 89.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Adrianne Shapira also recently made the following trade(s):

• On Wednesday, June 4th, Adrianne Shapira purchased 1,200 shares of TriMas stock. The shares were acquired at an average cost of $26.31 per share, with a total value of $31,572.00.

TriMas Price Performance

Shares of TRS opened at $25.94 on Friday. TriMas Co. has a twelve month low of $19.33 and a twelve month high of $28.51. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $23.45 and a 200-day moving average of $24.03. The stock has a market capitalization of $1.05 billion, a P/E ratio of 40.53 and a beta of 0.61.

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

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.62%. TriMas’s dividend payout ratio is presently 20.78%.

Hedge Funds Weigh In On TriMas

Several hedge funds and other institutional investors have recently made changes to their positions in TRS. Sterling Capital Management LLC grew its stake in shares of TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,158 shares in the last quarter. State of Wyoming bought a new position in shares of TriMas in the fourth quarter valued at $50,000. KLP Kapitalforvaltning AS bought a new position in shares of TriMas in the fourth quarter valued at $202,000. Comerica Bank grew its stake in shares of TriMas by 214.5% in the first quarter. Comerica Bank now owns 11,119 shares of the industrial products company’s stock valued at $261,000 after buying an additional 7,584 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of TriMas in the fourth quarter valued at $281,000. 99.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TRS shares. BWS Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of TriMas in a research note on Wednesday, April 30th. Wall Street Zen raised shares of TriMas from a “hold” rating to a “buy” rating in a research note on Sunday, June 1st.

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.