Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 20,146 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 20,146 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $8.16, for a total transaction of $164,391.36. 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

Shares of TG stock opened at $7.98 on Tuesday. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $10.53. The stock has a market cap of $279.28 million, a PE ratio of 9.49 and a beta of 0.75. The firm’s 50 day moving average price is $8.51 and its two-hundred day moving average price is $8.27.

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

Institutional Investors Weigh In On Tredegar

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in Tredegar by 0.3% in the 2nd 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 in the last quarter. Bank of New York Mellon Corp lifted its position in Tredegar by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 108,875 shares of the basic materials company’s stock worth $866,000 after buying an additional 1,660 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Tredegar by 3.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 46,921 shares of the basic materials company’s stock worth $373,000 after buying an additional 1,739 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Tredegar by 53.2% during the 3rd 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. Finally, Rhumbline Advisers lifted its position in Tredegar by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after buying an additional 2,021 shares in the last quarter. 79.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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, Tredegar presently 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.