Tredegar (NYSE:TG) Stock: Insider John Gottwald Sells 33,333 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 33,333 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $8.03, for a total transaction of $267,663.99. Following the transaction, the insider directly owned 292,287 shares in the company, valued at $2,347,064.61. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Price Performance

Shares of NYSE:TG opened at $7.33 on Friday. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $10.53. The business has a 50-day moving average of $7.44 and a two-hundred day moving average of $7.91. The stock has a market capitalization of $255.96 million, a P/E ratio of 7.63 and a beta of 0.75.

Tredegar (NYSE:TG) last issued its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 EPS for the quarter. Tredegar had a return on equity of 14.52% and a net margin of 4.26%. The business had revenue of $216.24 million for the quarter. During the same period in the prior year, the company posted $0.05 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Tredegar in the 2nd quarter valued at about $19,151,000. Empowered Funds LLC acquired a new position in shares of Tredegar in the second quarter valued at approximately $630,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Tredegar in the second quarter valued at about $783,000. Bank of New York Mellon Corp acquired a new stake in shares of Tredegar in the second quarter valued at approximately $903,000. Finally, Deutsche Bank AG acquired a new stake in shares of Tredegar in the second quarter valued at about $205,000. Institutional investors own 79.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Tredegar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Tredegar

Tredegar Corporation is a manufacturer of specialty films and aluminum extrusions. The company develops and produces polyethylene and other plastic films used in personal care, hygiene, medical, food packaging, household and industrial applications. Its flexible packaging products are designed to provide barrier, sealing and performance characteristics for packaged goods.

Through its aluminum operations, including Bonnell Aluminum, Tredegar produces extruded and fabricated aluminum components for building and construction, transportation, automotive, consumer durables and other industrial markets.