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BLOOMFIELD HILLS, MI— TriMas Corp (NASDAQ:TRS) director Jeffrey A. Fielkow recently purchased 2,500 shares of the company’s common stock, according to a recent SEC filing. The shares were acquired at a price of $20.78 each, amounting to a total investment of $51,950. Following this transaction, Fielkow holds 11,013 shares directly. The purchase comes as InvestingPro data shows the stock trading near oversold territory, with management actively buying back shares.
This acquisition reflects Fielkow’s ongoing investment in the company, adding to his existing holdings. Additionally, it is noted that there are 1,000 shares held indirectly by Fielkow’s spouse. TriMas Corp, a leader in metal forging and stampings with a market capitalization of $832 million, continues to be a focal point for investors monitoring insider transactions. The company maintains strong liquidity with current assets exceeding short-term obligations. For deeper insights into insider trading patterns and comprehensive analysis, investors can access detailed reports through InvestingPro, which offers exclusive research on over 1,400 US stocks.
In other recent news, TriMas Corp. reported fourth-quarter earnings that exceeded analyst expectations. The company posted adjusted earnings per share of $0.43, surpassing the consensus estimate of $0.39. Revenue for the quarter rose by 8.8% year-over-year to $228.1 million, beating the anticipated $222.08 million. TriMas experienced strong growth in its Aerospace and Packaging (NYSE:PKG) segments, with sales in Aerospace increasing by 22.3% to $78.3 million and Packaging sales rising by 8.4% to $123.1 million. However, Specialty Products sales saw a decline of 16.8% to $26.6 million. For the full year 2024, TriMas reported adjusted EPS of $1.65 on revenue of $925 million, marking a 3.5% increase from 2023. Despite these positive results, the company’s guidance for 2025 fell short of expectations, forecasting adjusted EPS between $1.70 and $1.85, below the analyst consensus of $2.01. TriMas expects sales to increase by 4% to 6% in 2025 compared to 2024. Additionally, the company repurchased 771,067 shares for $19.3 million in 2024 and paid a quarterly dividend of $0.04 per share.
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