Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 13,170 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 13,170 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $8.07, for a total value of $106,281.90. Following the sale, the insider owned 378,449 shares of the company’s stock, valued at $3,054,083.43. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Trading Down 1.4%

NYSE:TG opened at $7.97 on Friday. The firm’s fifty day simple moving average is $7.77 and its 200 day simple moving average is $8.28. The firm has a market capitalization of $278.47 million, a price-to-earnings ratio of 8.30 and a beta of 0.76. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $10.53.

Tredegar (NYSE:TG) last issued its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $216.24 million during the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.77%. During the same period last year, the business earned $0.05 EPS.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tredegar in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Institutional Trading of Tredegar

A number of institutional investors and hedge funds have recently modified their holdings of TG. Gamco Investors INC. ET AL boosted its holdings in shares of Tredegar by 5.2% in 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 buying an additional 311,833 shares during the period. BlackRock Inc. bought a new stake in Tredegar in the 2nd quarter valued at about $19,151,000. Vanguard Group Inc. grew its position in Tredegar by 8.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after purchasing an additional 117,298 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Tredegar by 1.9% in the first quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock valued at $9,834,000 after purchasing an additional 23,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Tredegar by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock valued at $8,966,000 after purchasing an additional 51,438 shares during the period. 79.24% of the stock is 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.