Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 2,350 Shares

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 2,350 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $8.00, for a total value of $18,800.00. Following the transaction, the insider owned 450,873 shares of the company’s stock, valued at approximately $3,606,984. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Price Performance

TG stock opened at $8.01 on Friday. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $10.53. The company has a market capitalization of $280.37 million, a price-to-earnings ratio of 9.53 and a beta of 0.74. The business has a 50 day simple moving average of $8.52 and a two-hundred day simple moving average of $8.26.

Tredegar (NYSE:TG) last posted its quarterly earnings results 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 business had revenue of $186.49 million during the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Tredegar

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its stake in shares of Tredegar by 531.0% during the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock valued at $27,000 after buying an additional 2,841 shares during the period. Torren Management LLC purchased a new position in shares of Tredegar during the fourth quarter valued at $32,000. BNP Paribas Financial Markets increased its stake in shares of Tredegar by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after buying an additional 1,830 shares during the period. Tower Research Capital LLC TRC increased its stake 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 period. Finally, Heron Bay Capital Management purchased a new position in shares of Tredegar during the fourth quarter valued at $76,000. Hedge funds and other 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.