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

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

TriMas Stock Up 2.3 %

TRS opened at $20.96 on Tuesday. 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 1-year low of $19.33 and a 1-year high of $28.51. The company has a market capitalization of $850.39 million, a PE ratio of 32.75 and a beta of 0.66. The firm’s 50 day simple moving average is $23.71 and its two-hundred day simple moving average is $25.10.

TriMas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 28th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.76%. TriMas’s payout ratio is 27.12%.

Analyst Upgrades and Downgrades

TRS has been the topic of several recent research reports. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. BWS Financial reiterated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research report on Friday.

Institutional Trading of TriMas

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of TriMas by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,895,946 shares of the industrial products company’s stock valued at $95,801,000 after purchasing an additional 82,068 shares during the period. Bank of America Corp DE raised its position in shares of TriMas by 127.3% during the 4th quarter. Bank of America Corp DE now owns 3,513,638 shares of the industrial products company’s stock valued at $86,400,000 after purchasing an additional 1,967,738 shares during the period. Wellington Management Group LLP raised its position in shares of TriMas by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock valued at $66,872,000 after purchasing an additional 252,537 shares during the period. Bellecapital International Ltd. bought a new stake in shares of TriMas during the 4th quarter valued at $29,160,000. Finally, Medina Value Partners LLC raised its position in shares of TriMas by 2.9% during the 4th quarter. Medina Value Partners LLC now owns 1,034,882 shares of the industrial products company’s stock valued at $25,448,000 after purchasing an additional 28,851 shares during the period. 99.42% of the stock is currently owned by institutional investors.

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.