John Gottwald Sells 4,551 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,551 shares of Tredegar stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $8.34, for a total value of $37,955.34. Following the completion of the sale, the insider directly owned 489,852 shares in the company, valued at approximately $4,085,365.68. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Down 5.8%

Shares of NYSE:TG traded down $0.47 during midday trading on Monday, reaching $7.51. The company had a trading volume of 111,741 shares, compared to its average volume of 168,415. The business’s 50 day moving average price is $8.56 and its 200 day moving average price is $8.22. The stock has a market cap of $262.83 million, a PE ratio of 8.94 and a beta of 0.82. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $10.53.

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

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 analyst has rated the stock with a Hold rating, According to MarketBeat, Tredegar has an average rating of “Hold”.

Hedge Funds Weigh In On Tredegar

Several hedge funds and other institutional investors have recently modified their holdings of TG. Russell Investments Group Ltd. increased its stake 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 valued at $27,000 after purchasing an additional 2,841 shares during the last quarter. Torren Management LLC bought a new position in shares of Tredegar in the 4th quarter valued at $32,000. BNP Paribas Financial Markets increased its holdings in shares of Tredegar by 53.2% during the third 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Tredegar by 225.3% during the second 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 in the last quarter. Finally, Heron Bay Capital Management acquired a new position in shares of Tredegar during the fourth quarter worth $76,000. Institutional investors own 79.24% of the company’s stock.

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.