Tredegar (NYSE:TG) Director Carl Tack III Sells 5,435 Shares of Stock

Tredegar Corporation (NYSE:TG) Director Carl Tack III sold 5,435 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $7.81, for a total transaction of $42,447.35. Following the transaction, the director directly owned 73,421 shares of the company’s stock, valued at $573,418.01. This represents a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tredegar Trading Up 5.2%

NYSE:TG opened at $7.65 on Thursday. The stock has a market capitalization of $267.90 million, a PE ratio of 9.11 and a beta of 0.82. The firm’s 50 day moving average is $8.48 and its 200 day moving average is $8.23. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Tredegar by 31.4% during the first quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 4,097 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Tredegar in the first quarter valued at $144,000. Geode Capital Management LLC raised its stake in shares of Tredegar by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after purchasing an additional 1,506 shares during the period. Rhumbline Advisers lifted its holdings in Tredegar by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 2,021 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 4,771 shares during the period. 79.24% of the stock is currently 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.