Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 17,148 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 17,148 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.19, for a total transaction of $140,442.12. Following the sale, the insider owned 391,619 shares of the company’s stock, valued at approximately $3,207,359.61. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 1.7%

NYSE:TG traded down $0.14 on Thursday, hitting $7.94. The stock had a trading volume of 39,502 shares, compared to its average volume of 169,325. The company has a fifty day moving average price of $7.77 and a two-hundred day moving average price of $8.28. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $10.53. The stock has a market cap of $277.39 million, a price-to-earnings ratio of 8.28 and a beta of 0.76.

Tredegar (NYSE:TG) last announced its quarterly earnings results on Friday, August 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $216.24 million during the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.77%. During the same quarter in the prior year, the business earned $0.05 EPS.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tredegar in a research note on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On Tredegar

Large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Tredegar during the 2nd quarter worth $19,151,000. Gamco Investors INC. ET AL increased its holdings in Tredegar by 5.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock valued at $45,253,000 after buying an additional 311,833 shares during the last quarter. Marshall Wace LLP acquired a new stake in Tredegar in the fourth quarter valued at $1,427,000. Millennium Management LLC raised its stake in Tredegar by 716.3% in the fourth quarter. Millennium Management LLC now owns 195,704 shares of the basic materials company’s stock valued at $1,405,000 after buying an additional 171,729 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Tredegar by 34.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 598,785 shares of the basic materials company’s stock worth $4,299,000 after buying an additional 154,735 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.