William Gottwald Sells 4,550 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 4,550 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $8.34, for a total transaction of $37,947.00. Following the completion of the transaction, the insider directly owned 489,852 shares of the company’s stock, valued at $4,085,365.68. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Trading Down 2.9%

Shares of TG opened at $7.24 on Wednesday. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The stock has a fifty day moving average price of $8.49 and a 200-day moving average price of $8.22. The firm has a market cap of $253.37 million, a PE ratio of 8.61 and a beta of 0.82.

Tredegar (NYSE:TG) last posted its quarterly earnings results on Friday, May 8th. The basic materials company reported $0.15 EPS for the quarter. The business 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%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its position in Tredegar by 5.2% during 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 buying an additional 311,833 shares during the period. Vanguard Group Inc. grew 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 buying an additional 117,298 shares during the period. Gabelli Funds LLC grew its position in Tredegar by 1.9% during the first 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 during the period. Dimensional Fund Advisors LP grew its position in Tredegar by 4.8% during the first 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 period. Finally, Geode Capital Management LLC grew its position in Tredegar by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock worth $4,611,000 after buying an additional 21,320 shares during the period. 79.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

About Tredegar

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.