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

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,551 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $8.34, for a total transaction of $37,955.34. Following the sale, the insider directly owned 489,852 shares in the company, valued at $4,085,365.68. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 Price Performance

Shares of NYSE:TG opened at $7.24 on Wednesday. The firm has a fifty day moving average price of $8.49 and a two-hundred day moving average price of $8.22. Tredegar Corporation has a one year low of $6.25 and a one year high of $10.53. The company has a market cap of $253.37 million, a price-to-earnings ratio of 8.61 and a beta of 0.82.

Tredegar (NYSE:TG) last released its quarterly earnings results on Friday, May 8th. The basic materials company reported $0.15 earnings per share 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 for the quarter.

Hedge Funds Weigh In On Tredegar

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in shares of Tredegar by 531.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock valued at $27,000 after buying an additional 2,841 shares in the last quarter. Torren Management LLC bought a new position in Tredegar in the fourth quarter valued at $32,000. BNP Paribas Financial Markets increased 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 valued at $42,000 after acquiring an additional 1,830 shares during the last quarter. Tower Research Capital LLC TRC raised its position in 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 valued at $61,000 after purchasing an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management purchased a new stake in Tredegar during the fourth quarter valued at about $76,000. Institutional investors own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

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