Shawn Sedaghat Acquires 249,597 Shares of TriMas Co. (NASDAQ:TRS) Stock

TriMas Co. (NASDAQ:TRS) Director Shawn Sedaghat bought 249,597 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $23.83 per share, for a total transaction of $5,947,896.51. Following the acquisition, the director now directly owns 346,825 shares of the company’s stock, valued at approximately $8,264,839.75. The trade was a 256.71 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, March 10th, Shawn Sedaghat bought 554,149 shares of TriMas stock. The stock was purchased at an average price of $24.07 per share, for a total transaction of $13,338,366.43.

TriMas Stock Performance

Shares of TRS stock opened at $24.46 on Thursday. The stock has a fifty day moving average of $23.56 and a 200 day moving average of $25.06. TriMas Co. has a 52 week low of $19.33 and a 52 week high of $28.51. The firm has a market capitalization of $992.66 million, a price-to-earnings ratio of 38.22 and a beta of 0.65. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60.

TriMas Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on TRS. BWS Financial restated a “buy” rating and issued a $40.00 target price on shares of TriMas in a report on Friday, February 28th. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

Institutional Trading of TriMas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRS. Sterling Capital Management LLC lifted its stake in TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 1,158 shares during the period. State of Wyoming purchased a new stake in TriMas in the fourth quarter worth $50,000. KLP Kapitalforvaltning AS purchased a new stake in TriMas in the fourth quarter worth $202,000. Intech Investment Management LLC purchased a new stake in TriMas in the third quarter worth $269,000. Finally, ProShare Advisors LLC purchased a new stake in TriMas in the fourth quarter worth $281,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

About TriMas

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.