Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 17,148 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 17,148 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $8.19, for a total value of $140,442.12. Following the sale, the insider directly owned 391,619 shares in the company, valued at approximately $3,207,359.61. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

Tredegar stock opened at $7.97 on Friday. The company has a market cap of $278.47 million, a PE ratio of 8.30 and a beta of 0.76. The company has a fifty day moving average price of $7.77 and a two-hundred day moving average price of $8.28. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53.

Tredegar (NYSE:TG) last issued its earnings results on Friday, August 7th. The basic materials company reported $0.18 earnings per share for the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.77%. The company had revenue of $216.24 million for the quarter. During the same period last year, the company posted $0.05 earnings per share.

Institutional Investors Weigh In On Tredegar

Several institutional investors have recently bought and sold shares of TG. Algert Global LLC lifted its stake in shares of Tredegar by 82.1% in the 2nd quarter. Algert Global LLC now owns 30,660 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 13,820 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Tredegar in the second quarter worth approximately $783,000. Ieq Capital LLC acquired a new stake in Tredegar in the second quarter worth approximately $152,000. BlackRock Inc. bought a new position in Tredegar during the 2nd quarter valued at $19,151,000. Finally, Deutsche Bank AG bought a new position in Tredegar during the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Tredegar in a research report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.