Figma Shares Indicated To Open $105/$110
TriMas Corp ’s (NASDAQ:TRS) Chief Financial Officer, Mell Scott A., recently sold shares of the company’s common stock, according to a regulatory filing. The company, currently valued at approximately $979 million, has seen its stock surge about 12.5% in the past week, though it trades at a relatively high P/E ratio of 40x. On March 6, Scott sold approximately 2,218 shares at a weighted average price of $22.541 per share, amounting to a total transaction value of $50,000. Following this sale, Scott retains ownership of 26,287 shares in the company. The shares were sold in a series of transactions, with prices ranging from $22.541 to $22.565. According to InvestingPro, while this insider sale occurred, management has been actively buying back shares, and the company maintains strong liquidity with a current ratio of 2.68x. Get deeper insights into insider trading patterns and 8+ more exclusive ProTips with an InvestingPro subscription.
In other recent news, TriMas Corp. reported its fourth-quarter earnings, surpassing analyst expectations. The company posted an adjusted earnings per share of $0.43, compared to the consensus estimate of $0.39. Revenue for the quarter increased by 8.8% year-over-year, reaching $228.1 million, exceeding the expected $222.08 million. TriMas experienced strong growth in its Aerospace segment, with sales rising 22.3% to $78.3 million, and Packaging (NYSE:PKG) sales grew by 8.4% to $123.1 million. However, the Specialty Products segment saw a decline of 16.8% in sales, totaling $26.6 million. For the full year 2024, TriMas reported an adjusted EPS of $1.65 on $925 million in revenue, a 3.5% increase from the previous year. Despite these positive results, the company provided a weaker-than-expected earnings outlook for 2025, forecasting adjusted EPS between $1.70 and $1.85, below the analyst consensus of $2.01. TriMas expects 2025 sales to grow by 4% to 6% compared to 2024. Additionally, the company repurchased 771,067 shares for $19.3 million in 2024 and maintained a quarterly dividend of $0.04 per share.
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