TriMas Co. (NASDAQ:TRS) Chairman Samuel Valenti III Sells 4,000 Shares

TriMas Co. (NASDAQ:TRSGet Rating) Chairman Samuel Valenti III sold 4,000 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $29.68, for a total value of $118,720.00. Following the completion of the transaction, the chairman now directly owns 8,148 shares in the company, valued at approximately $241,832.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TriMas Stock Down 1.7 %

TriMas stock opened at $28.54 on Tuesday. The company has a market capitalization of $1.18 billion, a PE ratio of 18.18 and a beta of 0.72. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.85 and a current ratio of 3.02. TriMas Co. has a fifty-two week low of $21.41 and a fifty-two week high of $33.69. The firm has a 50 day moving average price of $29.91 and a 200 day moving average price of $27.82.

TriMas (NASDAQ:TRSGet Rating) last issued its quarterly earnings data on Thursday, February 23rd. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). TriMas had a net margin of 7.49% and a return on equity of 11.90%. The firm had revenue of $203.31 million during the quarter, compared to analyst estimates of $211.65 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. Research analysts expect that TriMas Co. will post 1.92 earnings per share for the current year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 9th. Shareholders of record on Thursday, March 2nd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.56%. The ex-dividend date was Wednesday, March 1st. TriMas’s dividend payout ratio is currently 10.19%.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of TriMas from a “c+” rating to a “b-” rating in a research report on Tuesday, February 14th.

Hedge Funds Weigh In On TriMas

Institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in TriMas by 308.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,298 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 980 shares in the last quarter. Ellevest Inc. boosted its holdings in TriMas by 1,117.7% in the third quarter. Ellevest Inc. now owns 2,545 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 2,336 shares during the period. UBS Group AG grew its stake in TriMas by 80.9% during the 3rd quarter. UBS Group AG now owns 3,614 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 1,616 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in TriMas by 182.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,912 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 1,880 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in TriMas by 171.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,435 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 2,800 shares in the last quarter. 99.94% of the stock is owned by institutional investors and hedge funds.

About TriMas

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TriMas Corp. engages in the manufacture of industrial products for customers in the consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets. It operates through the following segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs and manufactures dispensing products, including foaming pumps, lotion and hand soap pumps, sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers, polymeric and steel caps and closures, including food lids, flip-top closures, child resistant caps, drum and pail closures, and flexible spouts, polymeric jar products, and fully integrated dispensers for fill-ready bag-in-box applications, all for a variety of consumer product markets including, but not limited to, beauty and personal care, home care, food and beverage, and pharmaceutical and nutraceutical, as well as the industrial market.

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