30,101 Shares in TriMas Co. (NASDAQ:TRS) Acquired by Shay Capital LLC

Shay Capital LLC bought a new position in shares of TriMas Co. (NASDAQ:TRS) in the fourth quarter, HoldingsChannel.com reports. The firm bought 30,101 shares of the industrial products company’s stock, valued at approximately $740,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TRS. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 1,227 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of TriMas by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 246,097 shares of the industrial products company’s stock valued at $6,052,000 after buying an additional 11,125 shares during the last quarter. Bellecapital International Ltd. bought a new stake in shares of TriMas in the 4th quarter valued at about $29,160,000. Charles Schwab Investment Management Inc. grew its position in shares of TriMas by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 605,502 shares of the industrial products company’s stock worth $14,889,000 after buying an additional 22,656 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of TriMas in the 4th quarter worth approximately $6,698,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

TriMas Stock Up 2.5%

NASDAQ:TRS opened at $24.73 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. TriMas Co. has a twelve month low of $19.33 and a twelve month high of $28.51. The company has a market cap of $1.01 billion, a PE ratio of 38.64 and a beta of 0.58. The company’s 50 day moving average is $22.87 and its two-hundred day moving average is $24.11.

TriMas (NASDAQ:TRS) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $241.67 million during the quarter, compared to analyst estimates of $235.41 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. Analysts anticipate that TriMas Co. will post 1.69 EPS for the current year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were given a $0.04 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.65%. TriMas’s dividend payout ratio is currently 20.78%.

Insiders Place Their Bets

In other news, CFO Scott A. Mell sold 2,218 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.54, for a total value of $49,993.72. Following the completion of the transaction, the chief financial officer now owns 26,288 shares of the company’s stock, valued at $592,531.52. The trade was a 7.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Shawn Sedaghat bought 123,388 shares of the stock in a transaction dated Wednesday, April 30th. The stock was bought at an average price of $23.83 per share, for a total transaction of $2,940,336.04. Following the purchase, the director now directly owns 1,024,362 shares of the company’s stock, valued at approximately $24,410,546.46. The trade was a 13.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 929,729 shares of company stock valued at $22,280,897. 14.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of TriMas in a research report on Wednesday, April 30th.

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.