Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $82,919.52 in Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 10,352 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $8.01, for a total value of $82,919.52. Following the completion of the transaction, the insider owned 461,831 shares in the company, valued at $3,699,266.31. The trade was a 2.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

Shares of NYSE TG opened at $7.77 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 $272.21 million, a P/E ratio of 9.25 and a beta of 0.82. The stock’s fifty day moving average is $8.47 and its 200 day moving average is $8.28.

Tredegar (NYSE:TG) last issued 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 for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in Tredegar by 531.0% in the third 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 during the last quarter. Torren Management LLC bought a new position in Tredegar in the fourth quarter valued at about $32,000. BNP Paribas Financial Markets grew its position in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,830 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 4,771 shares during the last quarter. Finally, Heron Bay Capital Management bought a new position in Tredegar in the fourth quarter valued at about $76,000. Institutional investors own 79.24% of the company’s stock.

Analysts Set New Price Targets

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