Tredegar (NYSE:TG) Major Shareholder James Gottwald Sells 15,808 Shares

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 15,808 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $8.04, for a total value of $127,096.32. Following the sale, the insider owned 435,065 shares in the company, valued at approximately $3,497,922.60. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Trading Up 1.5%

NYSE TG opened at $8.01 on Friday. The stock’s 50-day moving average price is $8.52 and its two-hundred day moving average price is $8.26. The company has a market cap of $280.37 million, a PE ratio of 9.53 and a beta of 0.74. Tredegar Corporation has a 1 year low of $6.25 and a 1 year high of $10.53.

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

Hedge Funds Weigh In On Tredegar

Several institutional investors and hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL grew its stake in Tredegar by 5.2% during the 4th 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 acquiring an additional 311,833 shares in the last quarter. Vanguard Group Inc. grew its stake in Tredegar by 8.4% during the 3rd 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 in the last quarter. Gabelli Funds LLC grew its stake in Tredegar by 1.9% during the 1st quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock valued at $9,834,000 after acquiring an additional 23,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Tredegar by 4.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock valued at $8,966,000 after acquiring an additional 51,438 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Tredegar by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock valued at $4,611,000 after acquiring an additional 21,320 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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, According to data from MarketBeat, the stock currently 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.