The Insider Activity Of TriMas Corporation (TRS) Should Not Be Ignored

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As of Wednesday close, TriMas Corporation’s (NASDAQ:TRS) stock was down -$0.15, moving down -0.55 percent to $27.09. The average number of shares traded per day over the past five days has been 97,060 shares. 4 times new highs have been achieved over the past 5 days, with a $0.82 gain in that time frame. In the last twenty days, the average volume was 140,090, while in the previous 50 days, it was 128,578.

Since last month, TRS stock retreated -4.98%. Shares of the company fell to $21.41 on 10/28/22, the lowest level in the past month. A 52-week high of $37.65 was reached on 01/04/22 after having rallying from a 52-week low of $21.41. Since the beginning of this year, TRS’s stock price has dropped by -26.78% or -$9.91, and marked a new high 2 times. However, the stock has declined by -28.05% since its 52-week high.

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TRS stock investors should be aware that TriMas Corporation (TRS) stock had its last reported insider trading activity 14 days ago on Nov 10. Finley Teresa, the Director of the company, purchased of 19 shares for $26.73 on Nov 10. It resulted in a $504 investment by the insider. Mell Scott A sold 789 shares at an average price of $25.35 on Nov 09. The insider now owns 20,755 shares following the transaction. On Nov 08, Director Tredwell Daniel P bought 5 shares at $25.47 apiece. The transaction was valued at $121.

Valuation Metrics

Right now, TriMas Corporation (TRS) has a P/E ratio of about 19.23. The stock’s beta is 0.68. Besides these, the trailing price-to-sales (P/S) ratio of 1.28, the price-to-book (PB) ratio of 1.79, and the price-to-cash flow ratio of 22.33 may also be considered.

The latest dividend of $0.04 per share was paid out, remained unchanged from last year’s $0.04.

Financial Health

In the three months ended September 29, TriMas Corporation’s quick ratio stood at 1.50, while its current ratio was 2.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.62. On the profitability front, the trailing twelve-month gross margin is 24.10% percent. In the year ended September 29, operating margins totaled 10.20%. Based on annual data, TRS earned $217.19 million in gross profit and brought in $857.11 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.10%. Return on equity (ROE) for the past 12 months was 9.50%.

In TriMas Corporation’s quarter-end financial report for September 29, it reported total debt of $394.5 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TRS’s revenue fell -1.78% to $237.68 million during the quarter, while net income inched up to $218.53 million. While analysts expected TriMas Corporation to report $0.61 quarterly earnings, the actual figure was $0.4 per share, beating the consensus estimate by -34.40%. During the quarter, the company generated $33.96 million in EBITDA. The liabilities of TriMas Corporation were 667.32 million at the end of its most recent quarter ended September 29. The value of shareholders’ equity is $41.97 million.

Technical Picture

This quick technical analysis looks at TriMas Corporation’s (TRS) price momentum. With a historical volatility rate of 11.87%, the RSI 9-day stood at 61.82% on 23 November.

With respect to its five-day moving average, the current TriMas Corporation price is up by +3.12% percent or $0.82. At present, TRS shares trade -5.28% below its 20-day simple moving average and +0.67% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.48% above its SMA50 and -20.09% below its SMA200.

Stochastic coefficient K was 91.82% and Stochastic coefficient D was 88.89%, while ATR was 1.01. Given the Stochastic reading of 87.86% for the 14-day period, the RSI (14) reading has been calculated as 56.77%. As of today, the MACD Oscillator reading stands at 0.42, while the 14-day reading stands at 0.83.

Analyst Ratings

TriMas Corporation downgraded its rating on TriMas Corporation (NASDAQ: TRS) to a Mkt perform in a note to investors on October 28, 2022. The analysts firm previously had an Outperform rating on the stock.TriMas Corporation (TRS) has been rated Hold by analysts. According to 0 brokerage firms, TRS is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate TriMas Corporation stock as buy, with 0 recommending it as overweight.

With a median target price of $47.00, the current consensus forecast for the stock is $47.00 – $47.00. Based on these forecasts, analysts predict TriMas Corporation (TRS) will achieve an average price target of $47.00.


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