Insider Selling: TriMas Corp (NASDAQ:TRS) Insider Sells $150,000.00 in Stock

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TriMas Corp (NASDAQ:TRS) insider Joshua A. Sherbin sold 5,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the transaction, the insider now directly owns 60,431 shares of the company’s stock, valued at approximately $1,812,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TRS stock opened at $31.32 on Friday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 3.43 and a beta of 1.35. TriMas Corp has a 12 month low of $25.18 and a 12 month high of $33.45. The company has a current ratio of 2.92, a quick ratio of 1.45 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $30.63 and a 200-day moving average price of $30.30.

TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.06). The company had revenue of $236.80 million for the quarter, compared to analyst estimates of $241.92 million. TriMas had a return on equity of 12.68% and a net margin of 8.46%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. As a group, equities analysts predict that TriMas Corp will post 1.78 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd grew its position in TriMas by 66.2% in the 2nd quarter. WINTON GROUP Ltd now owns 12,532 shares of the industrial products company’s stock valued at $388,000 after purchasing an additional 4,990 shares during the period. Zions Bancorporation N.A. grew its position in TriMas by 7.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 6,943 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 455 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in TriMas in the 2nd quarter valued at $257,000. Bessemer Group Inc. grew its position in TriMas by 35.2% in the 2nd quarter. Bessemer Group Inc. now owns 11,900 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 3,100 shares during the period. Finally, SG Americas Securities LLC grew its position in TriMas by 21.3% in the 2nd quarter. SG Americas Securities LLC now owns 11,999 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 2,106 shares during the period. 96.92% of the stock is owned by institutional investors.

A number of research firms have recently commented on TRS. Zacks Investment Research raised shares of TriMas from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a report on Tuesday, August 20th. BidaskClub raised shares of TriMas from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th.

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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Insider Buying and Selling by Quarter for TriMas (NASDAQ:TRS)

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