Tredegar Corporation (NYSE:TG – Get Free Report) major shareholder William Gottwald sold 20,145 shares of Tredegar stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $8.16, for a total transaction of $164,383.20. Following the transaction, the insider owned 408,767 shares of the company’s stock, valued at $3,335,538.72. This represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Tredegar Price Performance
Shares of NYSE TG opened at $7.98 on Tuesday. The stock has a market capitalization of $279.28 million, a P/E ratio of 9.49 and a beta of 0.75. The company has a 50-day moving average price of $8.51 and a 200-day moving average price of $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 issued its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $186.49 million during the quarter. Tredegar had a net margin of 3.89% and a return on equity of 12.91%.
Wall Street Analysts Forecast Growth
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Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Tredegar by 36.9% during the first quarter. NewEdge Advisors LLC now owns 16,471 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 4,441 shares during the last quarter. Empowered Funds LLC raised its position in Tredegar by 2,164.8% in the first quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 30,957 shares during the period. Quantinno Capital Management LP raised its position in Tredegar by 29.0% in the first quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock worth $785,000 after acquiring an additional 22,221 shares during the period. Renaissance Technologies LLC raised its position in Tredegar by 33.2% in the first quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock worth $1,553,000 after acquiring an additional 48,708 shares during the period. Finally, Teton Advisors LLC raised its position in Tredegar by 2.7% in the first quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock worth $898,000 after acquiring an additional 3,000 shares during the period. 79.24% of the stock is currently owned by hedge funds and other institutional investors.
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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