Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 7,383 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 7,383 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $8.01, for a total value of $59,137.83. Following the completion of the sale, the insider owned 482,469 shares of the company’s stock, valued at approximately $3,864,576.69. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Down 6.4%

Shares of NYSE TG opened at $7.46 on Tuesday. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $10.53. The company has a market cap of $261.18 million, a P/E ratio of 8.88 and a beta of 0.82. The stock has a fifty day moving average price of $8.52 and a 200 day moving average price of $8.22.

Tredegar (NYSE:TG) last announced 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 during the quarter.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Tredegar

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted 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 buying an additional 2,841 shares during the last quarter. Torren Management LLC purchased a new position in Tredegar in the 4th quarter valued at about $32,000. BNP Paribas Financial Markets boosted its position in Tredegar by 53.2% in 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 last quarter. Tower Research Capital LLC TRC boosted its position in Tredegar by 225.3% in 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 last quarter. Finally, Heron Bay Capital Management purchased a new position in Tredegar in the 4th quarter valued at about $76,000. 79.24% of the stock is owned by hedge funds and other 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.