TriMas Co. (TRS) To Go Ex-Dividend on August 6th

TriMas Co. (NASDAQ:TRS) declared a quarterly dividend on Monday, July 22nd, Zacks reports. Shareholders of record on Tuesday, August 6th will be paid a dividend of 0.04 per share by the industrial products company on Tuesday, August 13th. This represents a $0.16 annualized dividend and a yield of 0.59%. The ex-dividend date is Tuesday, August 6th.

TriMas has a dividend payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Analysts expect TriMas to earn $2.19 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 7.3%.

TriMas Trading Down 1.7 %

Shares of TRS traded down $0.47 during trading hours on Wednesday, hitting $27.12. 180,897 shares of the stock were exchanged, compared to its average volume of 211,453. TriMas has a fifty-two week low of $22.59 and a fifty-two week high of $28.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.73 and a quick ratio of 1.41. The business has a 50-day moving average of $26.22 and a 200-day moving average of $25.68. The firm has a market capitalization of $1.10 billion, a P/E ratio of 28.44 and a beta of 0.67.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The company had revenue of $227.10 million during the quarter, compared to analysts’ expectations of $220.60 million. During the same period in the prior year, the company posted $0.30 earnings per share. TriMas’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts expect that TriMas will post 2.03 EPS for the current year.

Insider Activity at TriMas

In other TriMas news, CFO Scott A. Mell sold 1,500 shares of TriMas stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $27.30, for a total value of $40,950.00. Following the sale, the chief financial officer now owns 31,923 shares of the company’s stock, valued at $871,497.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Herbert K. Parker acquired 6,100 shares of the stock in a transaction on Monday, May 6th. The shares were acquired at an average price of $26.52 per share, with a total value of $161,772.00. Following the completion of the transaction, the director now owns 39,157 shares in the company, valued at approximately $1,038,443.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Scott A. Mell sold 1,500 shares of TriMas stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $27.30, for a total transaction of $40,950.00. Following the completion of the sale, the chief financial officer now directly owns 31,923 shares in the company, valued at approximately $871,497.90. The disclosure for this sale can be found here. Insiders have bought 14,681 shares of company stock valued at $387,053 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and issued a $40.00 price target on shares of TriMas in a report on Wednesday, May 1st.

TriMas Company Profile

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.