Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 7,383 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 7,383 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $8.01, for a total value of $59,137.83. Following the transaction, the insider owned 482,469 shares of the company’s stock, valued at approximately $3,864,576.69. This represents a 1.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

Shares of Tredegar stock traded down $0.47 during midday trading on Monday, reaching $7.51. 111,741 shares of the company’s stock traded hands, compared to its average volume of 168,415. The company has a market cap of $262.83 million, a PE ratio of 8.94 and a beta of 0.82. The stock has a 50 day moving average of $8.56 and a 200-day moving average of $8.22. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53.

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

Institutional Investors Weigh In On Tredegar

A number of institutional investors have recently modified their holdings of TG. AQR Capital Management LLC grew its stake in shares of Tredegar by 31.4% in the first quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 4,097 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Tredegar in the first quarter worth $144,000. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 1,506 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Tredegar by 4.8% in the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 2,021 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 4,771 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

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, According to MarketBeat.com, the company has an average rating of “Hold”.

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.