Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 7,384 Shares

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 7,384 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $8.01, for a total value of $59,145.84. Following the completion of the transaction, the insider owned 482,468 shares of the company’s stock, valued at $3,864,568.68. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Down 5.8%

Shares of TG traded down $0.47 on Monday, hitting $7.51. The company’s stock had a trading volume of 111,741 shares, compared to its average volume of 168,415. The firm’s fifty day moving average price is $8.56 and its 200-day moving average price is $8.22. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $10.53. The firm has a market capitalization of $262.83 million, a price-to-earnings ratio of 8.94 and a beta of 0.82.

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

Hedge Funds Weigh In On Tredegar

A number of institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL increased its position in Tredegar by 5.2% during the fourth 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. Vanguard Group Inc. increased its position in Tredegar by 8.4% during 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 increased its position in 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 buying an additional 23,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Tredegar by 4.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock worth $8,966,000 after buying an additional 51,438 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 21,320 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tredegar 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.