Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 10,351 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 10,351 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $8.01, for a total value of $82,911.51. Following the completion of the sale, the insider owned 461,832 shares of the company’s stock, valued at approximately $3,699,274.32. This represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Trading Down 0.6%

Shares of NYSE TG opened at $7.95 on Friday. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $10.53. The stock has a 50 day moving average of $8.47 and a two-hundred day moving average of $8.29. The stock has a market cap of $278.44 million, a P/E ratio of 9.47 and a beta of 0.82.

Tredegar (NYSE:TG) last issued 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 company had revenue of $186.49 million during the quarter.

Institutional Investors Weigh In On Tredegar

Several large investors have recently modified their holdings of the stock. Empowered Funds LLC raised its stake in shares of Tredegar by 2,164.8% during the first quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 30,957 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Tredegar by 29.0% during the first quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock worth $785,000 after purchasing an additional 22,221 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Tredegar by 33.2% during the first quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock worth $1,553,000 after purchasing an additional 48,708 shares during the last quarter. Teton Advisors LLC raised its stake in shares of Tredegar by 2.7% during the first quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Tredegar by 1.9% during the first quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock worth $9,834,000 after purchasing an additional 23,000 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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, the company currently 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.