Scott A. Mell Sells 1,500 Shares of TriMas Co. (NASDAQ:TRS) Stock

TriMas Co. (NASDAQ:TRSGet Free Report) CFO Scott A. Mell sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $27.30, for a total transaction of $40,950.00. Following the completion of the transaction, the chief financial officer now owns 31,923 shares in the company, valued at $871,497.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TriMas Trading Down 1.8 %

Shares of NASDAQ TRS traded down $0.50 during midday trading on Thursday, reaching $26.84. The stock had a trading volume of 160,081 shares, compared to its average volume of 236,469. The company’s 50 day moving average price is $26.23 and its 200 day moving average price is $25.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.41 and a current ratio of 2.73. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 27.67 and a beta of 0.71. TriMas Co. has a twelve month low of $22.59 and a twelve month high of $29.07.

TriMas (NASDAQ:TRSGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.60 million. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. As a group, sell-side analysts expect that TriMas Co. will post 2 EPS for the current year.

TriMas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Monday, May 6th. TriMas’s dividend payout ratio (DPR) is presently 16.49%.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research note on Wednesday, May 1st.

Get Our Latest Research Report on TRS

Institutional Trading of TriMas

A number of institutional investors have recently made changes to their positions in TRS. SG Americas Securities LLC bought a new position in TriMas in the fourth quarter worth $205,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TriMas by 31.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock worth $225,000 after buying an additional 2,173 shares in the last quarter. Quantbot Technologies LP increased its holdings in TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after buying an additional 478 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in TriMas by 19.8% in the 4th quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock worth $382,000 after buying an additional 2,500 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in TriMas by 5.0% in the 4th quarter. Summit Trail Advisors LLC now owns 15,158 shares of the industrial products company’s stock worth $384,000 after buying an additional 716 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

About TriMas

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for TriMas (NASDAQ:TRS)

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