TriMas Co. (NASDAQ:TRS) Declares Quarterly Dividend of $0.04

TriMas Co. (NASDAQ:TRS) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Tuesday, May 7th will be paid a dividend of 0.04 per share by the industrial products company on Tuesday, May 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, May 6th.

TriMas has a payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect TriMas to earn $2.19 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 7.3%.

TriMas Trading Down 0.0 %

Shares of NASDAQ TRS opened at $26.21 on Friday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 27.02 and a beta of 0.71. TriMas has a 1-year low of $22.59 and a 1-year high of $29.07. The business’s 50 day moving average is $25.59 and its two-hundred day moving average is $25.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.73 and a quick ratio of 1.29.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The business had revenue of $227.10 million for the quarter, compared to analysts’ expectations of $220.60 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that TriMas will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of TriMas in a research note on Wednesday.

Insider Buying and Selling

In other TriMas news, CEO Thomas A. Amato bought 10,000 shares of TriMas stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average price of $23.62 per share, with a total value of $236,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 286,168 shares in the company, valued at approximately $6,759,288.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Herbert K. Parker bought 1,500 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of $26.34 per share, with a total value of $39,510.00. Following the acquisition, the director now directly owns 33,057 shares in the company, valued at $870,721.38. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas A. Amato purchased 10,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 286,168 shares of the company’s stock, valued at approximately $6,759,288.16. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 13,500 shares of company stock worth $325,550. 1.10% of the stock is owned by company insiders.

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.