William Gottwald Sells 15,809 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 15,809 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $8.04, for a total value of $127,104.36. Following the completion of the transaction, the insider directly owned 435,064 shares of the company’s stock, valued at approximately $3,497,914.56. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Trading Up 1.1%

Shares of NYSE TG traded up $0.09 during trading on Thursday, reaching $7.98. The company had a trading volume of 76,315 shares, compared to its average volume of 169,890. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $10.53. The stock has a market capitalization of $279.44 million, a PE ratio of 9.50 and a beta of 0.74. The stock has a 50-day moving average price of $8.52 and a two-hundred day moving average price of $8.26.

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

Institutional Trading of Tredegar

Large investors have recently added to or reduced their stakes in the stock. Teton Advisors LLC purchased a new stake in Tredegar during the 3rd quarter worth approximately $972,000. Gabelli Funds LLC increased its holdings in Tredegar by 6.9% during the 3rd quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock worth $9,383,000 after purchasing an additional 74,933 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Tredegar by 5.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock worth $45,253,000 after purchasing an additional 311,833 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Tredegar by 23.1% during the 4th quarter. Hsbc Holdings PLC now owns 15,362 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 2,880 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Tredegar by 63.9% during the 4th quarter. MetLife Investment Management LLC now owns 14,801 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 5,770 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 MarketBeat, 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.