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.
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.
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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