TriMas Co. (NASDAQ:TRS) CEO Thomas A. Amato sold 23,525 shares of the business’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $32.14, for a total value of $756,093.50.
Shares of NASDAQ:TRS traded down $0.01 on Tuesday, hitting $32.56. 95,705 shares of the company were exchanged, compared to its average volume of 181,933. The firm has a market capitalization of $1.41 billion, a P/E ratio of -21.28 and a beta of 0.80. The company has a current ratio of 3.05, a quick ratio of 1.89 and a debt-to-equity ratio of 0.53. TriMas Co. has a 1-year low of $18.05 and a 1-year high of $36.62. The stock’s 50 day moving average price is $31.21 and its 200 day moving average price is $30.77.
TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Thursday, April 29th. The industrial products company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. TriMas had a positive return on equity of 10.24% and a negative net margin of 8.64%. On average, equities analysts predict that TriMas Co. will post 1.5 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of TriMas from a “sell” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday.
A number of large investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in TriMas during the 1st quarter valued at approximately $169,000. Quantinno Capital Management LP purchased a new position in shares of TriMas during the fourth quarter worth $204,000. Blair William & Co. IL acquired a new position in TriMas during the fourth quarter valued at $219,000. Janney Montgomery Scott LLC purchased a new stake in TriMas in the fourth quarter valued at $219,000. Finally, HighTower Advisors LLC purchased a new stake in TriMas in the fourth quarter valued at $230,000. Institutional investors own 97.10% of the company’s stock.
TriMas Corporation manufactures and provides products for consumer products, aerospace, and industrial end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment offers specialty polymeric and steel closure and dispensing systems, including 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, flexible spouts, and agricultural closures; polymeric jar products; integrated dispensers; bag-in-box products; aseptic closures; industrial closures and flex spouts; and single-bodied and assembled caps and closures under the Rieke, Taplast, Affaba & Ferrari, Stolz, and Rapak brands.
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