Insider Selling: TriMas Corp (TRS) Director Sells 10,000 Shares of Stock
TriMas Corp (NASDAQ:TRS) Director Eugene A. Miller sold 10,000 shares of TriMas stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $30.01, for a total transaction of $300,100.00. Following the completion of the transaction, the director now owns 99,425 shares of the company’s stock, valued at approximately $2,983,744.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of TriMas stock traded up $0.41 during midday trading on Tuesday, reaching $30.33. The company had a trading volume of 108,528 shares, compared to its average volume of 154,003. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.86 and a quick ratio of 1.61. The firm has a market cap of $1.37 billion, a P/E ratio of 17.33, a P/E/G ratio of 3.15 and a beta of 1.55. TriMas Corp has a 1-year low of $25.18 and a 1-year high of $33.45.
TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $221.29 million during the quarter, compared to analyst estimates of $225.12 million. TriMas had a net margin of 8.86% and a return on equity of 13.54%. TriMas’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. On average, sell-side analysts expect that TriMas Corp will post 1.9 EPS for the current year.
A number of research analysts have recently issued reports on TRS shares. BidaskClub upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. BMO Capital Markets reiterated a “buy” rating and issued a $34.00 target price on shares of TriMas in a research note on Wednesday, January 30th. Finally, Wells Fargo & Co lifted their target price on shares of TriMas from $30.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. TriMas currently has a consensus rating of “Buy” and a consensus target price of $34.50.
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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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