Joshua A. Sherbin Sells 21,355 Shares of TriMas Corp (TRS) Stock

TriMas Corp (NASDAQ:TRS) insider Joshua A. Sherbin sold 21,355 shares of TriMas stock in a transaction on Monday, May 20th. The stock was sold at an average price of $30.26, for a total transaction of $646,202.30. Following the sale, the insider now directly owns 74,688 shares of the company’s stock, valued at approximately $2,260,058.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of NASDAQ TRS traded up $0.41 during midday trading on Tuesday, reaching $30.33. 108,528 shares of the stock were exchanged, compared to its average volume of 154,003. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 3.15 and a beta of 1.55. TriMas Corp has a 12 month low of $25.18 and a 12 month high of $33.45. 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 (NASDAQ:TRS) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $221.29 million for the quarter, compared to analysts’ expectations of $225.12 million. TriMas had a net margin of 8.86% and a return on equity of 13.54%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, research analysts anticipate that TriMas Corp will post 1.9 EPS for the current fiscal year.



A number of equities analysts have recently weighed in on the stock. Wells Fargo & Co lifted their price target on shares of TriMas from $30.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. BidaskClub raised shares of TriMas from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Finally, BMO Capital Markets reissued a “buy” rating and set a $36.00 price target on shares of TriMas in a research report on Monday, February 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. TriMas presently has an average rating of “Buy” and an average target price of $34.50.

Several hedge funds and other institutional investors have recently made changes to their positions in TRS. Norges Bank bought a new position in shares of TriMas during the fourth quarter worth $29,427,000. Lord Abbett & CO. LLC bought a new position in shares of TriMas during the fourth quarter worth $6,736,000. Mawer Investment Management Ltd. boosted its position in shares of TriMas by 62.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 594,526 shares of the industrial products company’s stock worth $16,225,000 after purchasing an additional 228,316 shares in the last quarter. BlackRock Inc. boosted its position in shares of TriMas by 4.5% during the first quarter. BlackRock Inc. now owns 3,363,152 shares of the industrial products company’s stock worth $101,668,000 after purchasing an additional 145,451 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in TriMas by 28.8% in the 1st quarter. Renaissance Technologies LLC now owns 452,500 shares of the industrial products company’s stock valued at $13,679,000 after acquiring an additional 101,200 shares in the last quarter. 99.38% of the stock is currently owned by institutional investors.

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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.

See Also: Consumer Price Index (CPI)

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