Tredegar Corporation (NYSE:TG – Get Free Report) major shareholder William Gottwald sold 4,318 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.12, for a total value of $35,062.16. Following the sale, the insider owned 361,920 shares in the company, valued at approximately $2,938,790.40. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Tredegar Stock Up 1.4%
Shares of NYSE TG opened at $7.97 on Friday. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53. The company has a market cap of $278.47 million, a P/E ratio of 8.30 and a beta of 0.76. The business has a 50-day simple moving average of $7.77 and a two-hundred day simple moving average of $8.25.
Tredegar (NYSE:TG – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 EPS for the quarter. The company had revenue of $216.24 million during the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.52%. During the same quarter last year, the business posted $0.05 earnings per share.
Wall Street Analyst Weigh In
Read Our Latest Analysis on TG
Institutional Trading of Tredegar
A number of large investors have recently modified their holdings of TG. Gamco Investors INC. ET AL increased its position in shares of Tredegar by 5.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock worth $45,253,000 after purchasing an additional 311,833 shares during the last quarter. BlackRock Inc. bought a new stake in Tredegar during the second quarter valued at approximately $19,151,000. Vanguard Group Inc. grew its stake in Tredegar by 8.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after buying an additional 117,298 shares in the last quarter. Gabelli Funds LLC grew its stake 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Tredegar by 4.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock worth $8,966,000 after buying an additional 51,438 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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