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Shawn Sedaghat, a director at TriMas Corp (NASDAQ:TRS), a nearly $1 billion market cap company, recently made significant acquisitions of the company’s common stock, according to a recent SEC filing. According to InvestingPro analysis, the stock is currently trading near its Fair Value, while showing strong liquidity with a current ratio of 2.68. On March 7 and March 10, Sedaghat purchased a total of 803,746 shares, with transactions completed at prices ranging from $23.71 to $24.22 per share. The total value of these purchases amounts to approximately $19.3 million. Following these transactions, Sedaghat’s indirect ownership through the Swan Family Office, LLC, increased to 900,974 shares. The securities are held by the Swan Family Office, where Sedaghat serves as the Managing Member. This insider buying comes as the stock has shown significant momentum, posting a 9.55% return over the past week. InvestingPro subscribers can access additional insights, including 7 more ProTips and comprehensive insider trading analysis in the Pro Research Report.
In other recent news, TriMas Corp. reported its fourth-quarter earnings, surpassing analyst expectations. The company posted adjusted earnings per share of $0.43, exceeding the anticipated $0.39, while revenue increased by 8.8% year-over-year to $228.1 million, surpassing the forecasted $222.08 million. TriMas experienced robust growth in its Aerospace and Packaging (NYSE:PKG) segments, with Aerospace sales rising 22.3% to $78.3 million and Packaging sales increasing 8.4% to $123.1 million. However, Specialty Products sales saw a decline of 16.8%, dropping to $26.6 million. For the full year 2024, TriMas achieved adjusted earnings per share of $1.65 on revenue of $925 million, marking 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 earnings per share between $1.70 and $1.85, below the analyst consensus of $2.01. TriMas anticipates sales growth of 4% to 6% in 2025 compared to 2024. The company also repurchased 771,067 shares for $19.3 million in 2024 and continued its quarterly dividend payments.
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