TriMas Corporation (TRS) CFO Robert J. Zalupski Sells 2,816 Shares

TriMas Corporation (NASDAQ:TRS) CFO Robert J. Zalupski sold 2,816 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $25.94, for a total transaction of $73,047.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

TriMas Corporation (NASDAQ:TRS) traded down $0.20 during trading hours on Friday, hitting $25.70. 145,344 shares of the stock were exchanged, compared to its average volume of 182,555. TriMas Corporation has a twelve month low of $19.75 and a twelve month high of $28.85. The company has a market cap of $1,180.00, a PE ratio of 18.52, a P/E/G ratio of 2.83 and a beta of 2.07. The company has a quick ratio of 1.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.62.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. TriMas had a negative net margin of 4.01% and a positive return on equity of 12.18%. The business had revenue of $209.30 million for the quarter, compared to analysts’ expectations of $208.89 million. During the same period last year, the business earned $0.35 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. equities analysts expect that TriMas Corporation will post 1.4 earnings per share for the current fiscal year.

A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of TriMas from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Seaport Global Securities cut shares of TriMas from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Friday, September 15th. BidaskClub upgraded shares of TriMas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Finally, J P Morgan Chase & Co upgraded shares of TriMas from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. TriMas currently has a consensus rating of “Hold” and an average price target of $25.25.

Several large investors have recently added to or reduced their stakes in TRS. Teachers Advisors LLC boosted its holdings in shares of TriMas by 3.0% in the 1st quarter. Teachers Advisors LLC now owns 78,848 shares of the industrial products company’s stock valued at $1,636,000 after buying an additional 2,268 shares in the last quarter. Vanguard Group Inc. boosted its stake in TriMas by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 3,647,737 shares of the industrial products company’s stock worth $75,691,000 after purchasing an additional 164,476 shares in the last quarter. Geode Capital Management LLC boosted its stake in TriMas by 4.1% in the 1st quarter. Geode Capital Management LLC now owns 356,625 shares of the industrial products company’s stock worth $7,399,000 after purchasing an additional 14,077 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in TriMas in the 1st quarter worth approximately $357,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in TriMas by 10.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 301,417 shares of the industrial products company’s stock worth $6,255,000 after purchasing an additional 28,051 shares in the last quarter. Institutional investors and hedge funds own 97.62% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/01/trimas-corporation-trs-cfo-robert-j-zalupski-sells-2816-shares.html.

TriMas Company Profile

TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.

Insider Buying and Selling by Quarter for TriMas (NASDAQ:TRS)

Receive News & Ratings for TriMas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply