Carl Tack III Sells 5,435 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TGGet Free Report) Director Carl Tack III sold 5,435 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $7.81, for a total transaction of $42,447.35. Following the sale, the director directly owned 73,421 shares of the company’s stock, valued at approximately $573,418.01. The trade was a 6.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Tredegar Stock Performance

Shares of TG stock traded up $0.38 during mid-day trading on Wednesday, reaching $7.65. 193,949 shares of the company’s stock traded hands, compared to its average volume of 170,199. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The firm has a 50 day moving average price of $8.49 and a two-hundred day moving average price of $8.22. The firm has a market capitalization of $267.88 million, a PE ratio of 9.11 and a beta of 0.82.

Tredegar (NYSE:TGGet Free Report) last issued its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.15 earnings per share (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.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on Tredegar

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in Tredegar by 2,164.8% in the 1st quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock worth $257,000 after buying an additional 30,957 shares during the period. Quantinno Capital Management LP boosted its holdings in Tredegar by 29.0% in the 1st quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock worth $785,000 after buying an additional 22,221 shares during the period. Renaissance Technologies LLC boosted its holdings in Tredegar by 33.2% in the 1st quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock worth $1,553,000 after buying an additional 48,708 shares during the period. Teton Advisors LLC boosted its holdings in Tredegar by 2.7% in the 1st quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock worth $898,000 after buying an additional 3,000 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in Tredegar by 1.9% in the 1st quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock worth $9,834,000 after buying an additional 23,000 shares during the period. Institutional investors own 79.24% of the company’s stock.

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.

Further Reading

Insider Buying and Selling by Quarter for Tredegar (NYSE:TG)

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