Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $33,627.86 in Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,193 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $8.02, for a total transaction of $33,627.86. Following the sale, the insider owned 457,639 shares of the company’s stock, valued at $3,670,264.78. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

TG stock opened at $7.77 on Thursday. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $10.53. The company has a 50-day moving average of $8.49 and a two-hundred day moving average of $8.27. The stock has a market capitalization of $271.93 million, a price-to-earnings ratio of 9.24 and a beta of 0.74.

Tredegar (NYSE:TG) last released its quarterly earnings results on Friday, May 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. Tredegar had a net margin of 3.89% and a return on equity of 12.91%. The company had revenue of $186.49 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tredegar presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL raised its position in shares of Tredegar by 5.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock valued at $45,253,000 after buying an additional 311,833 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Tredegar by 8.4% during the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock valued at $12,148,000 after buying an additional 117,298 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Tredegar by 1.9% during the first quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock valued at $9,834,000 after buying an additional 23,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Tredegar by 4.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock valued at $8,966,000 after buying an additional 51,438 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Tredegar by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock valued at $4,611,000 after buying an additional 21,320 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

About Tredegar

Tredegar Corporation is a diversified manufacturer specializing in high-performance plastic films and aluminum extrusions. Headquartered in Richmond, Virginia, the company operates through two primary segments—Films and Manufactured Products—serving a broad range of industries that include flexible packaging, medical devices, electronics, building and construction. Tredegar’s operations focus on delivering tailored solutions that meet demanding specifications for barrier properties, film strength and extrusion tolerances.

The Films segment produces a variety of polyolefin films, including cast and blown polyethylene, BOPP (biaxially oriented polypropylene), barrier films and specialty medical-grade films.