Tredegar Corporation (NYSE:TG – Get Free Report) major shareholder William Gottwald sold 7,718 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $8.02, for a total value of $61,898.36. Following the completion of the sale, the insider directly owned 369,710 shares in the company, valued at approximately $2,965,074.20. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Tredegar Stock Up 1.4%
Tredegar stock opened at $7.97 on Friday. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $10.53. The company has a market capitalization of $278.47 million, a P/E ratio of 8.30 and a beta of 0.76. The stock’s 50 day moving average is $7.77 and its 200 day moving average is $8.25.
Tredegar (NYSE:TG – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. Tredegar had a return on equity of 14.52% and a net margin of 4.26%.The business had revenue of $216.24 million during the quarter. During the same quarter in the previous year, the firm posted $0.05 EPS.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On Tredegar
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Tredegar in the 2nd quarter worth approximately $19,151,000. Gamco Investors INC. ET AL boosted its stake in Tredegar by 5.2% during 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 purchasing an additional 311,833 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Tredegar in the 4th quarter worth $1,427,000. Millennium Management LLC raised its stake in shares of Tredegar by 716.3% in the fourth quarter. Millennium Management LLC now owns 195,704 shares of the basic materials company’s stock worth $1,405,000 after purchasing an additional 171,729 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Tredegar by 34.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 598,785 shares of the basic materials company’s stock worth $4,299,000 after purchasing an additional 154,735 shares during the last quarter. 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.
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