TriMas Co. (NASDAQ:TRS) Director Jeffrey A. Fielkow Buys 2,500 Shares of Stock

TriMas Co. (NASDAQ:TRS) Director Jeffrey A. Fielkow acquired 2,500 shares of TriMas stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $20.78 per share, with a total value of $51,950.00. Following the transaction, the director now owns 11,013 shares of the company’s stock, valued at approximately $228,850.14. The trade was a 29.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TriMas Stock Performance

Shares of NASDAQ TRS opened at $22.88 on Thursday. 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 company has a market capitalization of $928.29 million, a P/E ratio of 35.75 and a beta of 0.66. TriMas Co. has a 12 month low of $19.33 and a 12 month high of $28.51. The stock has a 50 day moving average of $23.62 and a 200-day moving average of $25.06.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, February 28th. TriMas’s dividend payout ratio is currently 27.12%.

Analyst Upgrades and Downgrades

Several research firms have commented on TRS. StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. BWS Financial restated a “buy” rating and set a $40.00 target price on shares of TriMas in a report on Friday, February 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in TriMas by 18.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,806 shares of the industrial products company’s stock valued at $2,651,000 after buying an additional 16,826 shares in the last quarter. Two Sigma Investments LP raised its holdings in TriMas by 8.2% in the 4th quarter. Two Sigma Investments LP now owns 134,580 shares of the industrial products company’s stock valued at $3,309,000 after buying an additional 10,210 shares during the last quarter. State of Wyoming acquired a new stake in TriMas during the 4th quarter worth approximately $50,000. Shay Capital LLC bought a new stake in TriMas during the 4th quarter worth approximately $740,000. Finally, Point72 Asset Management L.P. acquired a new position in TriMas in the 4th quarter valued at approximately $430,000. Institutional investors and hedge funds 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.