Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 4,550 Shares

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

Tredegar Stock Down 6.4%

TG stock opened at $7.46 on Tuesday. The company’s 50-day simple moving average is $8.52 and its 200-day simple moving average is $8.22. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $10.53. The firm has a market cap of $261.18 million, a P/E ratio of 8.88 and a beta of 0.82.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its position in shares of Tredegar by 531.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 2,841 shares during the last quarter. Torren Management LLC acquired a new stake in Tredegar in the 4th quarter valued at about $32,000. BNP Paribas Financial Markets raised its holdings in Tredegar by 53.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,830 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Tredegar by 225.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 4,771 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new stake in Tredegar in the 4th quarter valued at about $76,000. Institutional investors and hedge funds 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.