James Gottwald Sells 9,997 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 9,997 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $8.52, for a total transaction of $85,174.44. Following the completion of the sale, the insider owned 744,949 shares of the company’s stock, valued at approximately $6,346,965.48. This represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Performance

NYSE:TG traded down $0.02 on Monday, reaching $8.49. The company’s stock had a trading volume of 136,694 shares, compared to its average volume of 96,642. The business’s 50-day moving average price is $7.65 and its two-hundred day moving average price is $8.14. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43. The firm has a market cap of $296.39 million, a PE ratio of -4.49 and a beta of 0.78.

Tredegar (NYSE:TG) last issued its quarterly earnings results on Friday, November 7th. The basic materials company reported $0.26 earnings per share for the quarter. Tredegar had a negative net margin of 9.51% and a positive return on equity of 4.17%. The company had revenue of $194.94 million during the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TG shares. Weiss Ratings restated a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tredegar currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Tredegar

Large investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL lifted its stake in shares of Tredegar by 1.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company’s stock worth $48,107,000 after buying an additional 97,444 shares during the last quarter. Vanguard Group Inc. lifted its position in Tredegar by 8.4% during the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after acquiring an additional 117,298 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of Tredegar by 6.9% during the third quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock worth $9,383,000 after acquiring an additional 74,933 shares during the period. American Century Companies Inc. increased its stake in shares of Tredegar by 23.6% during the first quarter. American Century Companies Inc. now owns 622,012 shares of the basic materials company’s stock worth $4,789,000 after purchasing an additional 118,946 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Tredegar by 0.3% during the 2nd 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 during the last quarter. 79.24% of the stock is owned by institutional investors.

About Tredegar

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.