Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 10,144 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 10,144 shares of Tredegar stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $8.00, for a total value of $81,152.00. Following the completion of the transaction, the insider owned 472,183 shares in the company, valued at $3,777,464. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 0.6%

Shares of NYSE TG opened at $7.95 on Friday. The stock has a market capitalization of $278.44 million, a price-to-earnings ratio of 9.47 and a beta of 0.82. The stock’s fifty day simple moving average is $8.47 and its 200 day simple moving average is $8.29. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $10.53.

Tredegar (NYSE:TG) last issued its 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%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TG. Russell Investments Group Ltd. grew its holdings in shares of Tredegar by 531.0% during the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock valued at $27,000 after buying an additional 2,841 shares in the last quarter. Torren Management LLC purchased a new position in shares of Tredegar during the fourth quarter valued at $32,000. BNP Paribas Financial Markets grew its holdings 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 valued at $42,000 after buying an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Tredegar by 225.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $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 during the fourth quarter valued at $76,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

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

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.