Insider Buying: TriMas Co. (NASDAQ:TRS) Director Buys 249,597 Shares of Stock

TriMas Co. (NASDAQ:TRS) Director Shawn Sedaghat bought 249,597 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $23.83 per share, with a total value of $5,947,896.51. Following the acquisition, the director now owns 346,825 shares in the company, valued at approximately $8,264,839.75. This trade represents a 256.71 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 10th, Shawn Sedaghat bought 554,149 shares of TriMas stock. The stock was bought at an average price of $24.07 per share, with a total value of $13,338,366.43.

TriMas Price Performance

TRS opened at $23.98 on Wednesday. The business has a fifty day moving average of $23.56 and a 200 day moving average of $25.07. TriMas Co. has a 52-week low of $19.33 and a 52-week 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 stock has a market cap of $973.18 million, a P/E ratio of 37.47 and a beta of 0.65.

TriMas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 28th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, February 28th. TriMas’s payout ratio is currently 27.12%.

Hedge Funds Weigh In On TriMas

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of TriMas by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 3,895,946 shares of the industrial products company’s stock worth $95,801,000 after buying an additional 82,068 shares during the period. Bank of America Corp DE lifted its holdings in shares of TriMas by 127.3% in the 4th quarter. Bank of America Corp DE now owns 3,513,638 shares of the industrial products company’s stock worth $86,400,000 after buying an additional 1,967,738 shares during the period. Wellington Management Group LLP lifted its holdings in shares of TriMas by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock worth $66,872,000 after buying an additional 252,537 shares during the period. Bellecapital International Ltd. purchased a new stake in shares of TriMas in the 4th quarter worth $29,160,000. Finally, Medina Value Partners LLC lifted its holdings in shares of TriMas by 2.9% in the 4th quarter. Medina Value Partners LLC now owns 1,034,882 shares of the industrial products company’s stock worth $25,448,000 after buying an additional 28,851 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TRS shares. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. BWS Financial restated a “buy” rating and set a $40.00 price objective on shares of TriMas in a report on Friday, February 28th.

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.