William Gottwald Sells 6,152 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 6,152 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $8.00, for a total value of $49,216.00. Following the completion of the transaction, the insider owned 428,913 shares of the company’s stock, valued at $3,431,304. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Trading Down 3.2%

Shares of TG stock opened at $7.71 on Wednesday. The firm has a market capitalization of $269.81 million, a price-to-earnings ratio of 9.17 and a beta of 0.75. The business’s 50-day moving average price is $8.51 and its 200-day moving average price is $8.27. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in shares of Tredegar by 531.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 2,841 shares during the period. Torren Management LLC acquired a new stake in shares of Tredegar during the fourth quarter worth $32,000. BNP Paribas Financial Markets lifted its holdings in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after buying an additional 1,830 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after buying an additional 4,771 shares during the period. Finally, Heron Bay Capital Management bought a new stake in Tredegar during the fourth quarter valued at $76,000. Institutional investors own 79.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Tredegar presently has a consensus rating of “Hold”.

Tredegar Company Profile

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.