Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 7,384 Shares

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 7,384 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $8.01, for a total value of $59,145.84. Following the sale, the insider directly owned 482,468 shares of the company’s stock, valued at $3,864,568.68. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large 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

NYSE:TG traded down $0.47 on Monday, hitting $7.51. 111,741 shares of the stock were exchanged, compared to its average volume of 168,415. The stock has a market capitalization of $262.83 million, a price-to-earnings ratio of 8.94 and a beta of 0.82. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53. The company’s 50-day moving average price is $8.56 and its 200 day moving average price is $8.22.

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. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.The firm had revenue of $186.49 million during the quarter.

Institutional Trading of Tredegar

Institutional investors and hedge funds have recently modified their holdings of the stock. Teton Advisors LLC bought a new stake in shares of Tredegar in the 3rd quarter valued at about $972,000. Gabelli Funds LLC increased its stake in shares of Tredegar by 6.9% in the 3rd quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock valued at $9,383,000 after acquiring an additional 74,933 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Tredegar by 1.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company’s stock valued at $48,107,000 after purchasing an additional 97,444 shares during the period. Russell Investments Group Ltd. grew its position 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 period. Finally, GSA Capital Partners LLP acquired a new position in shares of Tredegar in the 3rd quarter valued at approximately $394,000. 79.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.