Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $81,152.00 in Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 10,144 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $8.00, for a total value of $81,152.00. Following the completion of the transaction, the insider owned 472,183 shares of the company’s stock, valued at $3,777,464. This trade represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Price Performance

Shares of TG stock opened at $7.77 on Friday. The firm has a market capitalization of $272.21 million, a price-to-earnings ratio of 9.25 and a beta of 0.82. The business has a fifty day moving average of $8.47 and a 200 day moving average of $8.28. Tredegar Corporation has a 1 year low of $6.25 and a 1 year high of $10.53.

Tredegar (NYSE:TG) last issued its earnings results on Friday, May 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $186.49 million during the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Tredegar

A number of institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL raised its stake in shares of 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 valued at $45,253,000 after buying an additional 311,833 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Tredegar by 8.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock valued at $12,148,000 after buying an additional 117,298 shares during the last quarter. Gabelli Funds LLC raised its stake 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. Dimensional Fund Advisors LP raised its stake in shares of Tredegar by 4.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock valued at $8,966,000 after buying an additional 51,438 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Tredegar by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock valued at $4,611,000 after buying an additional 21,320 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.