Tredegar Corporation (NYSE:TG – Get Free Report) major shareholder William Gottwald sold 3,472 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.01, for a total value of $27,810.72. Following the sale, the insider directly owned 366,238 shares of the company’s stock, valued at approximately $2,933,566.38. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Tredegar Stock Up 0.6%
Shares of Tredegar stock opened at $7.85 on Friday. The stock’s fifty day moving average is $7.77 and its 200-day moving average is $8.25. The firm has a market capitalization of $274.28 million, a PE ratio of 8.18 and a beta of 0.76. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $10.53.
Tredegar (NYSE:TG – Get Free Report) last announced its earnings results on Friday, August 7th. The basic materials company reported $0.18 EPS for the quarter. Tredegar had a return on equity of 14.52% and a net margin of 4.26%.The business had revenue of $216.24 million during the quarter. During the same period in the prior year, the company earned $0.05 earnings per share.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on TG
Institutional Trading of Tredegar
Several institutional investors have recently made changes to their positions in TG. Susquehanna International Group LLP increased its stake in Tredegar by 116.2% in the 2nd quarter. Susquehanna International Group LLP now owns 36,581 shares of the basic materials company’s stock valued at $291,000 after buying an additional 19,664 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Tredegar by 145.3% in the 2nd quarter. Hsbc Holdings PLC now owns 30,559 shares of the basic materials company’s stock valued at $242,000 after purchasing an additional 18,103 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Tredegar in the second quarter worth about $630,000. Bank of America Corp DE acquired a new stake in shares of Tredegar in the second quarter worth $508,000. Finally, Man Group plc bought a new position in Tredegar in the 2nd quarter worth $190,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.
Key Tredegar News
Here are the key news stories impacting Tredegar this week:
- Positive Sentiment: Tredegar elected Ana Dutra as an independent director. Her appointment may strengthen board oversight, governance, and strategic decision-making, which could support investor confidence. Tredegar Announces Election of Ana Dutra to Board of Directors
- Positive Sentiment: Insider Arijit Dasgupta purchased 2,093 shares at an average price of $7.87, increasing his ownership by 1.52%. The purchase follows additional recent buying and may signal confidence that the shares are undervalued. Arijit Dasgupta Purchases Tredegar Shares
- Neutral Sentiment: Institutional ownership remains high at approximately 79%, with several investment firms initiating or increasing positions. This indicates continued institutional interest, although the filings do not necessarily represent current buying activity.
- Negative Sentiment: Major shareholders William Gottwald and James T. Gottwald sold a combined 18,909 shares in transactions executed around $8.01–$8.02. While the sales represent relatively small reductions in their holdings, repeated selling by major shareholders may weigh on sentiment and offset the positive signal from Dasgupta’s purchase. William Gottwald Sells Tredegar Shares
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.
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