William Gottwald Sells 15,809 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 15,809 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $8.04, for a total value of $127,104.36. Following the transaction, the insider directly owned 435,064 shares in the company, valued at approximately $3,497,914.56. This represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Up 1.1%

NYSE:TG traded up $0.09 during trading hours on Thursday, reaching $7.98. 76,315 shares of the stock were exchanged, compared to its average volume of 169,890. 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 $279.44 million, a P/E ratio of 9.50 and a beta of 0.74. The firm has a 50 day simple moving average of $8.52 and a 200-day simple moving average of $8.26.

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. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.The business had revenue of $186.49 million during the quarter.

Institutional Trading of Tredegar

Hedge funds and other institutional investors have recently modified their holdings of the company. Teton Advisors LLC bought a new stake in shares of Tredegar in the 3rd quarter worth $972,000. Gabelli Funds LLC raised its stake in shares of Tredegar by 6.9% in the 3rd quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock worth $9,383,000 after buying an additional 74,933 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Tredegar by 1.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company’s stock worth $48,107,000 after buying an additional 97,444 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Tredegar by 19.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 43,200 shares of the basic materials company’s stock worth $343,000 after buying an additional 7,000 shares in the last quarter. Finally, Bailard Inc. raised its stake in shares of Tredegar by 7.0% in the 4th quarter. Bailard Inc. now owns 36,956 shares of the basic materials company’s stock worth $265,000 after buying an additional 2,425 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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 data from MarketBeat.com, the company has an average rating of “Hold”.

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.