TriMas Corp (NASDAQ:TRS) CAO Paul Swart Sells 2,500 Shares

TriMas Corp (NASDAQ:TRS) CAO Paul Swart sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $31.12, for a total transaction of $77,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Paul Swart also recently made the following trade(s):

  • On Wednesday, November 6th, Paul Swart sold 2,500 shares of TriMas stock. The stock was sold at an average price of $30.51, for a total transaction of $76,275.00.

TRS opened at $31.12 on Tuesday. The company has a 50-day moving average of $31.04 and a 200-day moving average of $30.25. The company has a market capitalization of $1.40 billion, a P/E ratio of 17.78, a PEG ratio of 3.47 and a beta of 1.33. TriMas Corp has a 1-year low of $25.18 and a 1-year high of $33.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 2.92.

TriMas (NASDAQ:TRS) last released its earnings results on Monday, November 4th. The industrial products company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.06). The company had revenue of $236.80 million during the quarter, compared to the consensus estimate of $241.92 million. TriMas had a return on equity of 12.68% and a net margin of 8.46%. TriMas’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. As a group, sell-side analysts expect that TriMas Corp will post 1.78 earnings per share for the current fiscal year.

A number of equities analysts have commented on the stock. BidaskClub upgraded shares of TriMas from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Zacks Investment Research raised shares of TriMas from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a research report on Tuesday, August 20th.

Several large investors have recently made changes to their positions in TRS. Nuveen Asset Management LLC bought a new stake in shares of TriMas during the 2nd quarter valued at about $14,498,000. Fiduciary Management Inc. WI lifted its stake in shares of TriMas by 11.8% in the 2nd quarter. Fiduciary Management Inc. WI now owns 3,035,065 shares of the industrial products company’s stock worth $93,996,000 after acquiring an additional 319,943 shares during the period. Mawer Investment Management Ltd. lifted its stake in shares of TriMas by 21.7% in the 2nd quarter. Mawer Investment Management Ltd. now owns 978,773 shares of the industrial products company’s stock worth $30,313,000 after acquiring an additional 174,332 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of TriMas by 49.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 440,657 shares of the industrial products company’s stock worth $13,647,000 after acquiring an additional 145,604 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of TriMas by 13.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,141,256 shares of the industrial products company’s stock worth $34,979,000 after acquiring an additional 137,975 shares during the period. 96.28% of the stock is owned by institutional investors and hedge funds.

About TriMas

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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