Insider Selling: TriMas Co. (NASDAQ:TRS) CFO Sells 2,218 Shares of Stock

TriMas Co. (NASDAQ:TRS - Get Free Report) CFO Scott A. Mell sold 2,218 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.54, for a total value of $49,993.72. Following the completion of the transaction, the chief financial officer now owns 26,288 shares in the company, valued at approximately $592,531.52. This trade represents a 7.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

TriMas Stock Down 0.7 %

NASDAQ TRS traded down $0.17 during mid-day trading on Tuesday, reaching $23.98. 359,588 shares of the company's stock traded hands, compared to its average volume of 276,359. TriMas Co. has a 1-year low of $19.33 and a 1-year high of $28.51. The company has a fifty day simple moving average of $23.56 and a 200-day simple moving average of $25.07. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The company has a market cap of $973.18 million, a price-to-earnings ratio of 37.47 and a beta of 0.65.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 28th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.67%. TriMas's payout ratio is 27.12%.

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Analysts Set New Price Targets

TRS has been the subject of a number of recent research reports. StockNews.com upgraded TriMas from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th. BWS Financial reiterated a "buy" rating and issued a $40.00 target price on shares of TriMas in a research note on Friday, February 28th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC grew 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 acquiring an additional 1,158 shares in the last quarter. State of Wyoming bought a new stake in shares of TriMas in the 4th quarter worth approximately $50,000. KLP Kapitalforvaltning AS bought a new stake in shares of TriMas in the 4th quarter worth approximately $202,000. Intech Investment Management LLC bought a new stake in shares of TriMas in the 3rd quarter worth approximately $269,000. Finally, ProShare Advisors LLC bought a new stake in shares of TriMas in the 4th quarter worth approximately $281,000. Institutional investors and hedge funds own 99.42% of the company's stock.

About TriMas

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.