Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 10,352 Shares

Tredegar Corporation (NYSE:TG – Get Free Report) major shareholder John Gottwald sold 10,352 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $8.01, for a total value of $82,919.52. Following the sale, the insider owned 461,831 shares of the company’s stock, valued at approximately $3,699,266.31. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Shares of TG traded up $0.01 during trading hours on Thursday, hitting $8.01. 47,427 shares of the company were exchanged, compared to its average volume of 170,833. The company has a market cap of $280.34 million, a PE ratio of 9.53 and a beta of 0.82. The firm’s 50 day moving average is $8.47 and its 200-day moving average is $8.28. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53.

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Tredegar (NYSE:TG – Get Free Report) last released 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 return on equity of 12.91% and a net margin of 3.89%.

Institutional Investors Weigh In On Tredegar

Hedge funds and other institutional investors have recently bought and sold shares of the business. Teton Advisors LLC acquired a new stake in Tredegar during the 3rd quarter valued at $972,000. Gabelli Funds LLC increased its holdings in Tredegar by 6.9% during the 3rd 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 in the last quarter. Gamco Investors INC. ET AL increased its holdings in Tredegar by 1.7% during the 3rd 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 in the last quarter. Janney Montgomery Scott LLC increased its holdings in Tredegar by 3.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 46,921 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 1,739 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in Tredegar during the 4th quarter valued at $260,000. 79.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Tredegar Company Profile

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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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