Tredegar Corporation (NYSE:TG – Get Free Report) major shareholder John Gottwald sold 20,146 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $8.16, for a total value of $164,391.36. Following the completion of the sale, the insider directly owned 408,767 shares in the company, valued at $3,335,538.72. This represents a 4.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Tredegar Price Performance
TG stock opened at $7.79 on Thursday. The firm has a market capitalization of $272.63 million, a P/E ratio of 9.27 and a beta of 0.74. The business’s 50-day moving average is $8.50 and its two-hundred day moving average is $8.27. Tredegar Corporation has a 1 year low of $6.25 and a 1 year high of $10.53.
Tredegar (NYSE:TG – Get Free Report) last posted 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 for the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.
Analysts Set New Price Targets
Read Our Latest Analysis on TG
Institutional Trading of Tredegar
A number of large investors have recently made changes to their positions in TG. Russell Investments Group Ltd. boosted its position in shares of Tredegar by 531.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 2,841 shares during the period. Torren Management LLC acquired a new stake in shares of Tredegar in the 4th quarter valued at about $32,000. BNP Paribas Financial Markets boosted its position in shares of Tredegar by 53.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 1,830 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Tredegar by 225.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 4,771 shares during the period. Finally, Heron Bay Capital Management acquired a new stake in shares of Tredegar in the 4th quarter valued at about $76,000. 79.24% of the stock is owned by institutional investors and hedge funds.
About Tredegar
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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