Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 20,145 Shares

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 20,145 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $8.16, for a total value of $164,383.20. Following the completion of the transaction, the insider directly owned 408,767 shares in the company, valued at approximately $3,335,538.72. The trade was a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 traded down $0.15 on Monday, reaching $8.04. 110,220 shares of the stock were exchanged, compared to its average volume of 170,286. The company’s 50-day moving average price is $8.52 and its 200 day moving average price is $8.27. The firm has a market capitalization of $281.56 million, a PE ratio of 9.57 and a beta of 0.75. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $10.53.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Tredegar

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its stake in shares of Tredegar by 531.0% in the third 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 purchased a new position in shares of Tredegar in the fourth quarter worth about $32,000. BNP Paribas Financial Markets lifted its stake in shares of Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC lifted 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 buying an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management purchased a new position in shares of Tredegar in the fourth quarter worth about $76,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

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.