Insider Selling: TriMas Corp (TRS) Director Sells 8,037 Shares of Stock

TriMas Corp (NASDAQ:TRS) Director Nancy Gougarty sold 8,037 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $30.33, for a total transaction of $243,762.21. Following the sale, the director now owns 24,403 shares of the company’s stock, valued at approximately $740,142.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of TRS stock traded up $0.41 during trading hours on Tuesday, hitting $30.33. 108,528 shares of the company were exchanged, compared to its average volume of 154,003. The company has a quick ratio of 1.61, a current ratio of 2.86 and a debt-to-equity ratio of 0.46. TriMas Corp has a 52-week low of $25.18 and a 52-week high of $33.45. The firm has a market cap of $1.37 billion, a P/E ratio of 17.33, a PEG ratio of 3.15 and a beta of 1.55.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. TriMas had a net margin of 8.86% and a return on equity of 13.54%. The company had revenue of $221.29 million during the quarter, compared to analyst estimates of $225.12 million. During the same quarter last year, the business posted $0.41 EPS. TriMas’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that TriMas Corp will post 1.9 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in TRS. Nisa Investment Advisors LLC grew its stake in TriMas by 212.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,470 shares of the industrial products company’s stock valued at $40,000 after buying an additional 1,000 shares in the last quarter. Quantamental Technologies LLC grew its stake in TriMas by 1,552.0% in the 1st quarter. Quantamental Technologies LLC now owns 1,619 shares of the industrial products company’s stock valued at $49,000 after buying an additional 1,521 shares in the last quarter. Nkcfo LLC purchased a new position in TriMas in the 4th quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TriMas by 70.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,755 shares of the industrial products company’s stock valued at $102,000 after buying an additional 1,556 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in TriMas by 49.3% in the 4th quarter. Toronto Dominion Bank now owns 3,799 shares of the industrial products company’s stock valued at $104,000 after buying an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

Several equities research analysts have recently issued reports on TRS shares. Wells Fargo & Co raised their price target on shares of TriMas from $30.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. BMO Capital Markets restated a “buy” rating and set a $34.00 price target on shares of TriMas in a research note on Wednesday, January 30th. Finally, BidaskClub upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. TriMas presently has a consensus rating of “Buy” and a consensus price target of $34.50.

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TriMas Company Profile

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.

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