Tredegar (NYSE:TG) Major Shareholder Sells $127,096.32 in Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 15,808 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $8.04, for a total transaction of $127,096.32. Following the sale, the insider owned 435,065 shares of the company’s stock, valued at $3,497,922.60. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Up 1.1%

TG stock traded up $0.09 during mid-day trading on Thursday, reaching $7.98. 76,315 shares of the stock traded hands, compared to its average volume of 169,890. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53. The business has a 50-day moving average of $8.52 and a two-hundred day moving average of $8.26. The firm has a market capitalization of $279.44 million, a PE ratio of 9.50 and a beta of 0.74.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in Tredegar by 531.0% in the third 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 in the last quarter. Torren Management LLC acquired a new position in Tredegar in the fourth quarter worth about $32,000. BNP Paribas Financial Markets raised its position in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new position in Tredegar in the fourth quarter worth about $76,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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.com, Tredegar currently 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.