James Gottwald Sells 4,192 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 4,192 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $8.02, for a total transaction of $33,619.84. Following the completion of the transaction, the insider directly owned 457,639 shares in the company, valued at $3,670,264.78. This represents a 0.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Trading Up 2.9%

NYSE:TG opened at $7.98 on Wednesday. The stock has a 50 day moving average of $8.47 and a 200-day moving average of $8.28. The firm has a market capitalization of $279.28 million, a PE ratio of 9.49 and a beta of 0.74. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53.

Tredegar (NYSE:TG) last announced its quarterly earnings results 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 for the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Tredegar

Several hedge funds and other institutional investors have recently made changes to their positions in TG. Russell Investments Group Ltd. grew its holdings in Tredegar by 531.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after buying an additional 2,841 shares in the last quarter. Torren Management LLC acquired a new position in Tredegar during the 4th quarter worth $32,000. BNP Paribas Financial Markets boosted its position in Tredegar by 53.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 1,830 shares during the period. 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 purchasing an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management bought a new position in shares of Tredegar in the fourth quarter worth $76,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.