Insiders Are Spending Big: 15 Stocks Leading in March

7. TriMas Corporation (NASDAQ:TRS)

Total Value of Insider Purchases In March: $21.5 million

Market Capitalization: $1.03 billion

TriMas Corporation designs, manufactures and sells products for consumer, aerospace, and industrial markets worldwide through its Packaging, Aerospace, and Specialty Products segments. Headquartered in Bloomfield Hills, Michigan, the company offers dispensing products, aerospace fasteners and components, and steel cylinders for gas storage, selling through direct sales, agents, and distributors.

For the full year 2024, TriMas reported net sales of $925 million, an increase of 3.5% compared to 2023, as robust sales growth in its Packaging and Aerospace segments was partially offset by a sales decline of 37.2% in the Specialty Products segment, primarily due to market inventory adjustments, compared to the prior year. The company disclosed an operating profit of $47.2 million in 2024, as compared to $65.4 million in 2023. Net income amounted to $24.3 million or $0.59 per diluted share, compared to $40.4 million, or $0.97 per diluted share in 2023.

In March, three insiders bought a total of $21.5 million worth of TriMas shares at an average price of $22.83 per share. Currently, the stock trades at $25.18 per share, having dropped 2.40% year-to-date, and 2.21% over the past 12 months.

One analyst has given a “Buy” rating to TriMas stock with a price target of $40.00, suggesting a 60.16% upside, according to MarketBeat.