Scott A. Mell Sells 2,218 Shares of TriMas Co. (NASDAQ:TRS) Stock

TriMas Co. (NASDAQ:TRS) CFO Scott A. Mell sold 2,218 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.54, for a total transaction of $49,993.72. Following the sale, the chief financial officer now owns 26,288 shares of the company’s stock, valued at $592,531.52. This trade represents a 7.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

TriMas Stock Performance

Shares of TRS stock opened at $24.25 on Friday. The firm has a market capitalization of $983.87 million, a PE ratio of 37.89 and a beta of 0.66. The firm has a fifty day simple moving average of $23.58 and a two-hundred day simple moving average of $25.05. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. TriMas Co. has a 12 month low of $19.33 and a 12 month high of $28.51.

TriMas Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.66%. TriMas’s payout ratio is 27.12%.

Analyst Upgrades and Downgrades

TRS has been the subject of a number of recent research reports. BWS Financial restated a “buy” rating and set a $40.00 price target on shares of TriMas in a research note on Friday, February 28th. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

Institutional Trading of TriMas

Institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,158 shares during the last quarter. State of Wyoming purchased a new stake in shares of TriMas in the fourth quarter valued at about $50,000. KLP Kapitalforvaltning AS purchased a new stake in shares of TriMas in the fourth quarter valued at about $202,000. Intech Investment Management LLC purchased a new stake in shares of TriMas in the third quarter valued at about $269,000. Finally, ProShare Advisors LLC purchased a new stake in shares of TriMas in the fourth quarter valued at about $281,000. Hedge funds and other 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.