Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $106,281.90 in Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 13,170 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $8.07, for a total value of $106,281.90. Following the completion of the transaction, the insider directly owned 378,449 shares in the company, valued at approximately $3,054,083.43. This represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Shares of NYSE:TG opened at $7.96 on Friday. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $10.53. The firm has a market cap of $278.09 million, a PE ratio of 8.29 and a beta of 0.76. The business has a fifty day moving average of $7.77 and a 200-day moving average of $8.28.

Tredegar (NYSE:TG) last issued its quarterly earnings results on Friday, August 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.52%. The business had revenue of $216.24 million for the quarter. During the same quarter last year, the company earned $0.05 EPS.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tredegar in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Tredegar

Several large investors have recently made changes to their positions in TG. Russell Investments Group Ltd. increased 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 during the period. Torren Management LLC bought a new stake in Tredegar during the 4th quarter worth about $32,000. BNP Paribas Financial Markets lifted its position in 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 during the period. Tower Research Capital LLC TRC lifted its position in 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 during the period. Finally, Heron Bay Capital Management bought a new position in shares of Tredegar in the 4th quarter valued at about $76,000. Institutional investors and hedge funds 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.