James Gottwald Sells 15,808 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 15,808 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $8.04, for a total transaction of $127,096.32. Following the completion of the transaction, the insider directly owned 435,065 shares of the company’s stock, valued at $3,497,922.60. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Shares of NYSE TG traded up $0.09 during mid-day trading on Thursday, hitting $7.98. 76,315 shares of the stock were exchanged, compared to its average volume of 169,890. The company has a market cap of $279.44 million, a P/E ratio of 9.50 and a beta of 0.74. The stock’s fifty day simple moving average is $8.52 and its two-hundred day simple moving average is $8.26. Tredegar Corporation has a twelve month low of $6.25 and a twelve 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 for the quarter. The company 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%.

Analysts Set New Price Targets

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 MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Trading of Tredegar

Several hedge funds have recently modified their holdings of TG. Geode Capital Management LLC boosted its stake in Tredegar by 0.3% in the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after acquiring an additional 1,506 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Tredegar by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 108,875 shares of the basic materials company’s stock valued at $866,000 after acquiring an additional 1,660 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Tredegar by 3.8% in the first quarter. Janney Montgomery Scott LLC now owns 46,921 shares of the basic materials company’s stock valued at $373,000 after acquiring an additional 1,739 shares during the last quarter. BNP Paribas Financial Markets boosted its position 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 worth $42,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Tredegar by 4.8% during the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 2,021 shares in the last quarter. 79.24% of the stock is owned by institutional investors.

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.