William Gottwald Sells 6,152 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 6,152 shares of Tredegar stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $8.00, for a total transaction of $49,216.00. Following the completion of the sale, the insider directly owned 428,913 shares of the company’s stock, valued at approximately $3,431,304. The trade was a 1.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Down 1.8%

NYSE TG traded down $0.15 during mid-day trading on Monday, hitting $8.04. The company’s stock had a trading volume of 110,220 shares, compared to its average volume of 170,286. The company’s 50 day simple moving average is $8.52 and its 200 day simple moving average is $8.27. Tredegar Corporation has a twelve month low of $6.25 and a twelve 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.

Tredegar (NYSE:TG) last posted its quarterly earnings results 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 business had revenue of $186.49 million during the quarter.

Analysts Set New Price Targets

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, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Tredegar

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of Tredegar by 531.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after buying an additional 2,841 shares during the last quarter. Torren Management LLC purchased a new position in shares of Tredegar in the 4th quarter worth about $32,000. BNP Paribas Financial Markets boosted its holdings in shares of Tredegar by 53.2% in 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 during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Tredegar by 225.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after buying an additional 4,771 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new position in shares of Tredegar in the 4th quarter worth about $76,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

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.