William Gottwald Sells 20,145 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 20,145 shares of Tredegar stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $8.16, for a total transaction of $164,383.20. Following the transaction, the insider directly owned 408,767 shares of the company’s stock, valued at approximately $3,335,538.72. This represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Trading Down 1.8%

Shares of TG stock traded down $0.15 during trading hours on Monday, reaching $8.04. 110,220 shares of the stock were exchanged, compared to its average volume of 170,286. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $10.53. The firm has a market capitalization of $281.56 million, a price-to-earnings ratio of 9.57 and a beta of 0.75. The company’s 50-day moving average price is $8.52 and its 200-day moving average price is $8.27.

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. Tredegar had a net margin of 3.89% and a return on equity of 12.91%. The company had revenue of $186.49 million for the quarter.

Institutional Investors Weigh In On Tredegar

A number of hedge funds and other institutional investors have recently bought and sold shares of TG. AQR Capital Management LLC lifted its position in Tredegar by 31.4% during the first quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 4,097 shares during the last quarter. Jane Street Group LLC purchased a new stake in Tredegar during the first quarter valued at approximately $144,000. Geode Capital Management LLC lifted its position in Tredegar by 0.3% during 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. Rhumbline Advisers lifted its position in Tredegar by 4.8% during the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 2,021 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 4,771 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 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 data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.