TriMas Co. (NASDAQ:TRS) Director Acquires $51,950.00 in Stock

TriMas Co. (NASDAQ:TRS) Director Jeffrey A. Fielkow purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $20.78 per share, for a total transaction of $51,950.00. Following the completion of the acquisition, the director now directly owns 11,013 shares of the company’s stock, valued at $228,850.14. This represents a 29.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

TriMas Stock Up 4.5 %

TRS opened at $22.88 on Thursday. The stock’s 50 day moving average price is $23.62 and its 200 day moving average price is $25.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The stock has a market cap of $928.29 million, a P/E ratio of 35.75 and a beta of 0.66. TriMas Co. has a 12 month low of $19.33 and a 12 month high of $28.51.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 28th will be given a $0.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. TriMas’s dividend payout ratio (DPR) is 27.12%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRS. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. BWS Financial restated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research report on Friday, February 28th.

Institutional Trading of TriMas

Several institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in TriMas by 1.7% during the 3rd quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock worth $1,125,000 after buying an additional 729 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TriMas by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,106 shares of the industrial products company’s stock valued at $568,000 after purchasing an additional 834 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,158 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of TriMas by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock valued at $982,000 after buying an additional 1,227 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in TriMas by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 24,788 shares of the industrial products company’s stock valued at $610,000 after buying an additional 1,378 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Company Profile

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.