William Gottwald Sells 2,350 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 2,350 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $8.00, for a total value of $18,800.00. Following the completion of the transaction, the insider owned 450,873 shares of the company’s stock, valued at $3,606,984. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 Performance

Shares of TG opened at $8.17 on Friday. 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 $286.25 million, a price-to-earnings ratio of 9.73 and a beta of 0.74. The stock has a fifty day moving average of $8.52 and a 200-day moving average of $8.26.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Tredegar

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in Tredegar by 36.9% in the first quarter. NewEdge Advisors LLC now owns 16,471 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 4,441 shares during the period. Empowered Funds LLC increased its holdings in Tredegar by 2,164.8% in the first quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 30,957 shares during the period. Quantinno Capital Management LP increased its holdings in Tredegar by 29.0% in the first quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock valued at $785,000 after purchasing an additional 22,221 shares during the period. Renaissance Technologies LLC increased its holdings in Tredegar by 33.2% in the first quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock valued at $1,553,000 after purchasing an additional 48,708 shares during the period. Finally, Teton Advisors LLC increased its holdings in Tredegar by 2.7% in the first quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock valued at $898,000 after purchasing an additional 3,000 shares during the period. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.