Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 10,144 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 10,144 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $8.00, for a total transaction of $81,152.00. Following the sale, the insider owned 472,183 shares in the company, valued at approximately $3,777,464. The trade was a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

Shares of NYSE:TG traded up $0.01 during trading on Thursday, reaching $8.01. 47,427 shares of the stock traded hands, compared to its average volume of 170,833. The stock has a 50-day moving average of $8.47 and a two-hundred day moving average of $8.28. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $10.53. The stock has a market cap of $280.34 million, a P/E ratio of 9.53 and a beta of 0.82.

Tredegar (NYSE:TG) last issued its 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 for the quarter.

Analyst Ratings Changes

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 analyst has rated the stock with a Hold rating, According to MarketBeat.com, Tredegar has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in shares of Tredegar by 531.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 2,841 shares during the last quarter. Torren Management LLC purchased a new position in shares of Tredegar during the 4th quarter worth $32,000. BNP Paribas Financial Markets boosted its stake in shares of Tredegar by 53.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 1,830 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Tredegar by 225.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 4,771 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new position in shares of Tredegar during the 4th quarter worth $76,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.