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.

Several institutional investors have recently modified their holdings of TRS. JPMorgan Chase & Co. increased its holdings in shares of TriMas by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 87,292 shares of the industrial products company’s stock valued at $2,654,000 after purchasing an additional 2,858 shares in the last quarter. Teachers Advisors LLC grew its holdings in TriMas by 2.8% during the 3rd quarter. Teachers Advisors LLC now owns 90,975 shares of the industrial products company’s stock worth $2,766,000 after acquiring an additional 2,512 shares during the period. Morgan Stanley grew its holdings in TriMas by 33.9% during the 3rd quarter. Morgan Stanley now owns 151,237 shares of the industrial products company’s stock worth $4,599,000 after acquiring an additional 38,285 shares during the period. Vanguard Group Inc. grew its holdings in TriMas by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,974,528 shares of the industrial products company’s stock worth $120,825,000 after acquiring an additional 53,153 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in TriMas by 212.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,470 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 1,000 shares during the period. 99.38% of the stock is owned by institutional investors and hedge funds.

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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About TriMas

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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