TriMas (NASDAQ:TRS) Receives "Buy" Rating from BWS Financial

BWS Financial reaffirmed their buy rating on shares of TriMas (NASDAQ:TRS - Free Report) in a report published on Friday morning,Benzinga reports. The firm currently has a $40.00 price objective on the industrial products company's stock.

Separately, StockNews.com raised TriMas from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th.

TriMas Price Performance

TRS stock traded up $0.47 on Friday, reaching $20.96. The company had a trading volume of 532,002 shares, compared to its average volume of 265,631. TriMas has a 1 year low of $19.33 and a 1 year high of $28.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. The company's fifty day moving average is $23.71 and its 200 day moving average is $25.10. The company has a market cap of $850.39 million, a P/E ratio of 32.75 and a beta of 0.66.

TriMas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, February 28th. TriMas's dividend payout ratio is presently 25.00%.

Insider Buying and Selling

In other news, Director Jeffrey A. Fielkow bought 2,500 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $20.78 per share, with a total value of $51,950.00. Following the transaction, the director now owns 11,013 shares of the company's stock, valued at $228,850.14. This represents a 29.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its position in shares of TriMas by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock worth $32,000 after buying an additional 1,158 shares during the period. State of Wyoming acquired a new stake in TriMas in the 4th quarter valued at $50,000. KLP Kapitalforvaltning AS acquired a new stake in TriMas in the 4th quarter valued at $202,000. Intech Investment Management LLC acquired a new stake in TriMas in the 3rd quarter valued at $269,000. Finally, ProShare Advisors LLC acquired a new stake in TriMas in the 4th quarter valued at $281,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.