Insider Buying: TriMas Co. (NASDAQ:TRS) Director Buys 104,957 Shares of Stock

TriMas Co. (NASDAQ:TRS) Director Shawn Sedaghat acquired 104,957 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was acquired at an average price of $25.70 per share, with a total value of $2,697,394.90. Following the completion of the transaction, the director now directly owns 1,400,649 shares in the company, valued at $35,996,679.30. This trade represents a 8.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, May 19th, Shawn Sedaghat acquired 254,400 shares of TriMas stock. The stock was acquired at an average price of $25.39 per share, with a total value of $6,459,216.00.
• On Wednesday, April 30th, Shawn Sedaghat acquired 123,388 shares of TriMas stock. The stock was acquired at an average price of $23.83 per share, with a total value of $2,940,336.04.
• On Monday, March 10th, Shawn Sedaghat acquired 554,149 shares of TriMas stock. The stock was acquired at an average price of $24.07 per share, with a total value of $13,338,366.43.
• On Friday, March 7th, Shawn Sedaghat acquired 249,597 shares of TriMas stock. The stock was acquired at an average price of $23.83 per share, with a total value of $5,947,896.51.

TriMas Trading Up 1.7%

NASDAQ:TRS opened at $26.08 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 business has a 50 day moving average price of $23.00 and a two-hundred day moving average price of $24.07. The company has a market cap of $1.06 billion, a P/E ratio of 40.75 and a beta of 0.58.

TriMas (NASDAQ:TRS) last released its quarterly 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. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The firm had revenue of $241.67 million during the quarter, compared to the consensus estimate of $235.41 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The business’s revenue was up 6.4% on a year-over-year basis. As a group, analysts expect that TriMas Co. will post 1.69 EPS for the current fiscal year.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Tuesday, May 6th. TriMas’s dividend payout ratio (DPR) is currently 20.78%.

Hedge Funds Weigh In On TriMas

A number of large investors have recently bought and sold shares of TRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TriMas by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,106 shares of the industrial products company’s stock worth $568,000 after purchasing an additional 834 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of 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 purchasing an additional 1,158 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of TriMas by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock worth $982,000 after purchasing an additional 1,227 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of TriMas by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 24,788 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of TriMas by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 247,761 shares of the industrial products company’s stock worth $5,805,000 after purchasing an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research report on Wednesday, April 30th.

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.