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 business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $8.01, for a total value of $59,137.83. Following the completion of the sale, the insider owned 482,469 shares in the company, valued at $3,864,576.69. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

NYSE:TG traded down $0.47 during trading hours on Monday, hitting $7.51. The stock had a trading volume of 111,741 shares, compared to its average volume of 168,415. The company has a 50 day simple moving average of $8.56 and a two-hundred day simple moving average of $8.22. Tredegar Corporation has a one year low of $6.25 and a one year high of $10.53. The firm has a market capitalization of $262.83 million, a price-to-earnings ratio of 8.94 and a beta of 0.82.

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

Analysts Set New Price Targets

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

Institutional Trading of Tredegar

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL lifted its position in Tredegar by 5.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock valued at $45,253,000 after purchasing an additional 311,833 shares during the last quarter. Vanguard Group Inc. lifted its position in Tredegar by 8.4% in the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock valued at $12,148,000 after purchasing an additional 117,298 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Tredegar by 1.9% during the first quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock valued at $9,834,000 after acquiring an additional 23,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $8,966,000 after acquiring an additional 51,438 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Tredegar by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock valued at $4,611,000 after acquiring an additional 21,320 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

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.