William Gottwald Sells 4,550 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 4,550 shares of Tredegar stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $8.34, for a total transaction of $37,947.00. Following the sale, the insider directly owned 489,852 shares of the company’s stock, valued at $4,085,365.68. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 Down 5.8%

Shares of NYSE TG traded down $0.47 during mid-day trading on Monday, reaching $7.51. 111,741 shares of the company were exchanged, compared to its average volume of 168,415. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53. The stock has a market capitalization of $262.83 million, a PE ratio of 8.94 and a beta of 0.82. The company’s 50 day moving average price is $8.56 and its 200 day moving average price is $8.22.

Tredegar (NYSE:TG) last posted its quarterly earnings data 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 net margin of 3.89% and a return on equity of 12.91%.

Hedge Funds Weigh In On Tredegar

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in Tredegar by 531.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 2,841 shares during the period. Torren Management LLC purchased a new position in shares of Tredegar in the fourth quarter valued at about $32,000. BNP Paribas Financial Markets increased its position in shares of Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,830 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 4,771 shares during the period. Finally, Heron Bay Capital Management purchased a new position in shares of Tredegar in the fourth quarter valued at about $76,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

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