John Gottwald Sells 4,551 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,551 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $8.34, for a total transaction of $37,955.34. Following the transaction, the insider owned 489,852 shares of the company’s stock, valued at $4,085,365.68. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Down 5.8%

Shares of NYSE:TG traded down $0.47 during trading on Monday, hitting $7.51. 111,741 shares of the company were exchanged, compared to its average volume of 168,415. The business’s 50 day moving average is $8.56 and its 200-day moving average is $8.22. The company has a market capitalization of $262.83 million, a P/E ratio of 8.94 and a beta of 0.82. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $10.53.

Tredegar (NYSE:TG) last announced its quarterly earnings results 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 net margin of 3.89% and a return on equity of 12.91%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Tredegar

Institutional investors and hedge funds have recently bought and sold shares of the stock. Teton Advisors LLC acquired a new stake in Tredegar in the third quarter valued at $972,000. Gabelli Funds LLC increased its holdings in Tredegar by 6.9% in the third quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock valued at $9,383,000 after purchasing an additional 74,933 shares during the period. Gamco Investors INC. ET AL increased its holdings in Tredegar by 1.7% in the third quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company’s stock valued at $48,107,000 after purchasing an additional 97,444 shares during the period. GSA Capital Partners LLP acquired a new stake in Tredegar in the third quarter valued at $394,000. Finally, Vanguard Group Inc. boosted its position in 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 acquiring an additional 117,298 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.