Tredegar (NYSE:TG) Major Shareholder James Gottwald Sells 2,351 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 2,351 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $8.00, for a total transaction of $18,808.00. Following the transaction, the insider owned 450,873 shares in the company, valued at approximately $3,606,984. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Trading Up 1.5%

TG stock opened at $8.01 on Friday. Tredegar Corporation has a 1 year low of $6.25 and a 1 year high of $10.53. The company has a fifty day simple moving average of $8.52 and a 200 day simple moving average of $8.26. The firm has a market cap of $280.37 million, a PE ratio of 9.53 and a beta of 0.74.

Tredegar (NYSE:TG) last released its quarterly earnings data 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 during the quarter. Tredegar had a net margin of 3.89% and a return on equity of 12.91%.

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 note on Monday, May 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Tredegar

Large investors have recently modified their holdings of the stock. Teton Advisors LLC acquired a new position in Tredegar in the third quarter valued at approximately $972,000. Gabelli Funds LLC lifted its holdings in Tredegar by 6.9% in the third quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock valued at $9,383,000 after buying an additional 74,933 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Tredegar by 1.7% in the third quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company’s stock valued at $48,107,000 after buying an additional 97,444 shares during the period. Empowered Funds LLC lifted its holdings in Tredegar by 2,164.8% in the first quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock valued at $257,000 after buying an additional 30,957 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Tredegar by 33.2% in the first quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock valued at $1,553,000 after buying an additional 48,708 shares during the period. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.