Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 4,551 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,551 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $8.34, for a total value of $37,955.34. Following the completion of the sale, the insider directly owned 489,852 shares in the company, valued at approximately $4,085,365.68. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 6.4%

Shares of TG opened at $7.46 on Tuesday. The stock has a market cap of $261.18 million, a P/E ratio of 8.88 and a beta of 0.82. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53. The business’s 50 day moving average price is $8.52 and its 200-day moving average price is $8.22.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Tredegar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted 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 valued at $27,000 after acquiring an additional 2,841 shares in the last quarter. Torren Management LLC bought a new position in shares of Tredegar during the 4th quarter valued at $32,000. BNP Paribas Financial Markets lifted its holdings in shares of Tredegar by 53.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after buying an additional 1,830 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Tredegar by 225.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after buying an additional 4,771 shares during the period. Finally, Heron Bay Capital Management bought a new position in shares of Tredegar during the 4th quarter valued at $76,000. 79.24% of the stock is owned by institutional investors.

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.