Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells 20,146 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 20,146 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $8.16, for a total transaction of $164,391.36. Following the completion of the transaction, the insider owned 408,767 shares in the company, valued at $3,335,538.72. The trade was a 4.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Trading Down 1.8%

Shares of TG stock traded down $0.15 during mid-day trading on Monday, reaching $8.04. The stock had a trading volume of 110,220 shares, compared to its average volume of 170,286. The stock’s 50-day moving average price is $8.52 and its two-hundred day moving average price is $8.27. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $10.53. The firm has a market capitalization of $281.56 million, a PE ratio of 9.57 and a beta of 0.75.

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

Analysts Set New Price Targets

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, According to data from MarketBeat.com, Tredegar presently has an average rating of “Hold”.

Institutional Trading of Tredegar

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in Tredegar by 531.0% during 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 stake in Tredegar during the fourth quarter worth about $32,000. BNP Paribas Financial Markets boosted its stake in Tredegar by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Tredegar by 225.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management bought a new stake in Tredegar during the fourth quarter worth about $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.