Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 4,193 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,193 shares of Tredegar stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $8.02, for a total value of $33,627.86. Following the completion of the sale, the insider owned 457,639 shares of the company’s stock, valued at approximately $3,670,264.78. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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

TG traded down $0.17 during midday trading on Monday, reaching $7.64. 65,121 shares of the company were exchanged, compared to its average volume of 170,497. Tredegar Corporation has a one year low of $6.25 and a one year high of $10.53. The stock has a market capitalization of $267.55 million, a P/E ratio of 9.10 and a beta of 0.75. The stock’s 50-day simple moving average is $8.47 and its 200 day simple moving average is $8.28.

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

Hedge Funds Weigh In On Tredegar

Several institutional investors have recently modified their holdings of TG. Russell Investments Group Ltd. lifted its holdings in shares of Tredegar by 531.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 2,841 shares in the last quarter. Torren Management LLC bought a new position in shares of Tredegar during the 4th quarter valued at about $32,000. BNP Paribas Financial Markets lifted its holdings in shares of Tredegar by 53.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Tredegar by 225.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management bought a new position in shares of Tredegar during the 4th quarter valued at about $76,000. Institutional investors own 79.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average 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.