James Gottwald Sells 15,808 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 15,808 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $8.04, for a total transaction of $127,096.32. Following the completion of the transaction, the insider directly owned 435,065 shares of the company’s stock, valued at approximately $3,497,922.60. The trade was a 3.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 2.2%

Shares of NYSE:TG opened at $8.17 on Friday. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The company has a 50-day moving average price of $8.52 and a 200 day moving average price of $8.26. The company has a market cap of $286.25 million, a price-to-earnings ratio of 9.73 and a beta of 0.74.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of 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, the stock currently has an average rating of “Hold”.

Institutional Trading of Tredegar

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake 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 last quarter. Torren Management LLC bought a new stake in Tredegar in the fourth quarter worth about $32,000. BNP Paribas Financial Markets lifted its stake in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 1,830 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Tredegar by 225.3% in the second 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 last quarter. Finally, Heron Bay Capital Management bought a new stake in Tredegar in the fourth quarter worth about $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.