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.
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.
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.
Read More: Backdoor Roth IRA Conversion and Strategy
Receive News & Ratings for TriMas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas and related companies with MarketBeat.com's FREE daily email newsletter.