TriMas Corp (TRS) CEO Thomas Amato Acquires 10,000 Shares
TriMas Corp (NASDAQ:TRS), a diversified global manufacturer and provider of products for customers primarily in the consumer products, aerospace, and industrial markets, has reported an insider purchase by its President and CEO, Thomas Amato. According to a recent SEC Filing, the insider acquired 10,000 shares of the company on March 1, 2024.Over the past year, Thomas Amato has engaged in insider trading activities, purchasing a total of 10,000 shares and selling none. This latest transaction reflects a continued pattern of insider confidence in the company's prospects.The insider transaction history for TriMas Corp reveals a trend of more insider buying than selling over the past year, with 10 insider buys and 5 insider sells recorded.On the valuation front, TriMas Corp shares were trading at $23.62 on the day of the insider's purchase, resulting in a market capitalization of $981.107 million. The price-earnings ratio of the stock stands at 19.26, which compares to an industry median of 17.72 and is below the company's historical median price-earnings ratio.The stock's price relative to its intrinsic value, as estimated by GuruFocus, indicates that TriMas Corp is significantly undervalued. With a share price of $23.62 and a GuruFocus Value of $33.84, the price-to-GF-Value ratio is 0.7. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent acquisition could be seen as a positive signal to investors, suggesting that the CEO believes the stock is undervalued and has potential for growth.
Investors and analysts often monitor insider buying and selling activities as they can provide insights into a company's internal perspective on its financial health and future prospects. Thomas Amato's recent purchase might be interpreted as a sign of strong confidence in the future trajectory of TriMas Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
