TriMas Co. (NASDAQ:TRS) Director Acquires $51,950.00 in Stock

TriMas Co. (NASDAQ:TRS - Get Free Report) Director Jeffrey A. Fielkow bought 2,500 shares of the company's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $20.78 per share, for a total transaction of $51,950.00. Following the transaction, the director now owns 11,013 shares in the company, valued at $228,850.14. The trade was a 29.37 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

TriMas Stock Performance

Shares of NASDAQ:TRS traded up $1.20 during midday trading on Friday, reaching $24.25. The company's stock had a trading volume of 821,666 shares, compared to its average volume of 272,305. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average of $23.59 and a 200 day moving average of $25.05. TriMas Co. has a twelve month low of $19.33 and a twelve month high of $28.51. The firm has a market capitalization of $983.87 million, a PE ratio of 37.89 and a beta of 0.66.

TriMas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 28th will be paid a $0.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.66%. TriMas's payout ratio is 27.12%.

Analysts Set New Price Targets

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

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its stake in shares of TriMas by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock worth $32,000 after purchasing an additional 1,158 shares during the period. State of Wyoming purchased a new stake in TriMas during the fourth quarter worth $50,000. KLP Kapitalforvaltning AS purchased a new stake in TriMas during the fourth quarter worth $202,000. Intech Investment Management LLC acquired a new stake in TriMas during the third quarter valued at $269,000. Finally, ProShare Advisors LLC purchased a new position in TriMas in the fourth quarter valued at $281,000. 99.42% of the stock is currently 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.