Tredegar (NYSE:TG) Major Shareholder Sells 4,318 Shares

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 4,318 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.12, for a total transaction of $35,062.16. Following the sale, the insider owned 361,920 shares of the company’s stock, valued at $2,938,790.40. This trade represents a 1.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

Shares of Tredegar stock traded up $0.07 during trading hours on Friday, reaching $7.93. The company’s stock had a trading volume of 49,969 shares, compared to its average volume of 168,658. The company has a market capitalization of $277.07 million, a P/E ratio of 8.26 and a beta of 0.76. The stock’s fifty day simple moving average is $7.77 and its two-hundred day simple moving average is $8.25. Tredegar Corporation has a one year low of $6.25 and a one year high of $10.53.

Tredegar (NYSE:TG) last posted its earnings results on Friday, August 7th. The basic materials company reported $0.18 EPS for the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.52%. The company had revenue of $216.24 million during the quarter. During the same period in the previous year, the firm earned $0.05 earnings per share.

Institutional Investors Weigh In On Tredegar

Several large investors have recently made changes to their positions in TG. Gamco Investors INC. ET AL boosted its holdings in shares of Tredegar by 5.2% in 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 buying an additional 311,833 shares during the last quarter. BlackRock Inc. purchased a new position in Tredegar in the second quarter valued at approximately $19,151,000. Vanguard Group Inc. increased its position in Tredegar by 8.4% in the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after buying an additional 117,298 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Tredegar by 1.9% during the 1st quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock valued at $9,834,000 after buying an additional 23,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Tredegar by 4.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock worth $8,966,000 after acquiring an additional 51,438 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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