John Gottwald Sells 7,383 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TGGet Free Report) major shareholder John Gottwald sold 7,383 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $8.01, for a total value of $59,137.83. Following the completion of the sale, the insider directly owned 482,469 shares of the company’s stock, valued at approximately $3,864,576.69. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 2.9%

NYSE:TG opened at $7.24 on Wednesday. The firm’s fifty day simple moving average is $8.49 and its 200-day simple moving average is $8.22. The stock has a market cap of $253.37 million, a PE ratio of 8.61 and a beta of 0.82. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $10.53.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Tredegar by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after purchasing an additional 1,506 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Tredegar by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 108,875 shares of the basic materials company’s stock valued at $866,000 after buying an additional 1,660 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Tredegar by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 46,921 shares of the basic materials company’s stock valued at $373,000 after buying an additional 1,739 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Tredegar by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after buying an additional 1,830 shares during the period. Finally, Rhumbline Advisers grew its stake in Tredegar by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 2,021 shares during the period. Institutional investors and hedge funds own 79.24% of the company’s stock.

Analyst Ratings Changes

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

Read Our Latest Analysis on TG

About Tredegar

(Get Free Report)

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.

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