Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $18,808.00 in Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 2,351 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $8.00, for a total value of $18,808.00. Following the completion of the sale, the insider directly owned 450,873 shares in the company, valued at approximately $3,606,984. This represents a 0.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Shares of TG stock opened at $8.17 on Friday. The stock’s fifty day moving average price is $8.52 and its two-hundred day moving average price is $8.26. The company has a market cap of $286.23 million, a PE ratio of 9.73 and a beta of 0.74. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $10.53.

Tredegar (NYSE:TG) last issued its earnings results on Friday, May 8th. The basic materials company reported $0.15 earnings per share 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 for the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in Tredegar by 36.9% during the 1st quarter. NewEdge Advisors LLC now owns 16,471 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 4,441 shares during the last quarter. Empowered Funds LLC raised its position in Tredegar by 2,164.8% during the 1st quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 30,957 shares during the last quarter. Quantinno Capital Management LP raised its position in Tredegar by 29.0% during the 1st quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock worth $785,000 after purchasing an additional 22,221 shares during the last quarter. Renaissance Technologies LLC raised its position in Tredegar by 33.2% during the 1st quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock worth $1,553,000 after purchasing an additional 48,708 shares during the last quarter. Finally, Teton Advisors LLC raised its position in Tredegar by 2.7% during the 1st quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 3,000 shares during the last quarter. 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.