Shawn Sedaghat Acquires 554,149 Shares of TriMas Co. (NASDAQ:TRS) Stock

TriMas Co. (NASDAQ:TRS) Director Shawn Sedaghat purchased 554,149 shares of the company’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $24.07 per share, with a total value of $13,338,366.43. Following the purchase, the director now owns 900,974 shares of the company’s stock, valued at approximately $21,686,444.18. The trade was a 159.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shawn Sedaghat also recently made the following trade(s):

• On Friday, March 7th, Shawn Sedaghat purchased 249,597 shares of TriMas stock. The shares were purchased at an average cost of $23.83 per share, with a total value of $5,947,896.51.

TriMas Trading Up 2.0 %

NASDAQ TRS opened at $24.46 on Thursday. TriMas Co. has a 1-year low of $19.33 and a 1-year high of $28.51. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $23.56 and a 200-day moving average of $25.06. The firm has a market cap of $992.66 million, a PE ratio of 38.22 and a beta of 0.65.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 28th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Friday, February 28th. TriMas’s dividend payout ratio (DPR) is presently 27.12%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. BWS Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of TriMas in a research note on Friday, February 28th.

Institutional Investors Weigh In On TriMas

A number of hedge funds and other institutional investors have recently modified their holdings of TRS. Sterling Capital Management LLC lifted its stake in shares of TriMas by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,158 shares during the last quarter. State of Wyoming bought a new stake in shares of TriMas in the 4th quarter valued at about $50,000. KLP Kapitalforvaltning AS bought a new stake in shares of TriMas in the 4th quarter valued at about $202,000. Intech Investment Management LLC bought a new position in TriMas during the 3rd quarter valued at approximately $269,000. Finally, ProShare Advisors LLC bought a new position in TriMas during the 4th quarter valued at approximately $281,000. Institutional investors own 99.42% of the company’s stock.

TriMas Company Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers 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, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.