Tredegar (NYSE:TG) Major Shareholder Sells $37,947.00 in Stock

Tredegar Corporation (NYSE:TGGet Free Report) major shareholder William Gottwald sold 4,550 shares of Tredegar stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $8.34, for a total value of $37,947.00. Following the sale, the insider directly owned 489,852 shares of the company’s stock, valued at approximately $4,085,365.68. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 5.2%

Shares of TG stock opened at $7.65 on Thursday. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $10.53. The stock has a fifty day simple moving average of $8.48 and a two-hundred day simple moving average of $8.23. The stock has a market capitalization of $267.90 million, a price-to-earnings ratio of 9.11 and a beta of 0.82.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in Tredegar by 31.4% during the first quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 4,097 shares in the last quarter. Jane Street Group LLC bought a new position in Tredegar in the first quarter worth about $144,000. Geode Capital Management LLC raised its holdings in Tredegar by 0.3% in the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock worth $5,187,000 after purchasing an additional 1,506 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Tredegar by 4.8% during the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock valued at $388,000 after buying an additional 2,021 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Tredegar by 225.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after buying an additional 4,771 shares during the last quarter. 79.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock 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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Insider Buying and Selling by Quarter for Tredegar (NYSE:TG)

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