Herbert K. Parker Purchases 6,100 Shares of TriMas Co. (NASDAQ:TRS) Stock

TriMas Co. (NASDAQ:TRS) Director Herbert K. Parker purchased 6,100 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average price of $26.52 per share, with a total value of $161,772.00. Following the completion of the acquisition, the director now owns 39,157 shares in the company, valued at approximately $1,038,443.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TriMas Trading Up 1.7 %

NASDAQ TRS opened at $26.89 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of 27.72 and a beta of 0.71. The company’s fifty day simple moving average is $25.69 and its 200-day simple moving average is $25.17. The company has a current ratio of 2.73, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. TriMas Co. has a 52 week low of $22.59 and a 52 week high of $29.07.

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

TriMas Announces Dividend

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

Hedge Funds Weigh In On TriMas

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in TriMas in the fourth quarter valued at about $205,000. Quantbot Technologies LP increased its holdings in shares of TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TriMas by 31.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 2,173 shares in the last quarter. Inspire Investing LLC bought a new position in TriMas during the third quarter worth $308,000. Finally, Handelsbanken Fonder AB boosted its holdings in TriMas by 19.8% in the fourth quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 2,500 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.