John Gottwald Sells 13,170 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 13,170 shares of Tredegar stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $8.07, for a total transaction of $106,281.90. Following the transaction, the insider owned 378,449 shares in the company, valued at $3,054,083.43. This represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

Shares of NYSE:TG traded down $0.14 during midday trading on Thursday, hitting $7.94. The company had a trading volume of 39,502 shares, compared to its average volume of 169,325. The company has a market cap of $277.39 million, a price-to-earnings ratio of 8.27 and a beta of 0.76. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $10.53. The company has a fifty day moving average of $7.77 and a two-hundred day moving average of $8.28.

Tredegar (NYSE:TG) last announced its earnings results on Friday, August 7th. The basic materials company reported $0.18 EPS for the quarter. The company had revenue of $216.24 million for the quarter. Tredegar had a return on equity of 14.77% and a net margin of 4.26%.During the same period in the prior year, the business posted $0.05 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TG. Russell Investments Group Ltd. increased its stake 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 worth $27,000 after buying an additional 2,841 shares in the last quarter. Torren Management LLC purchased a new position in shares of Tredegar in the fourth quarter valued at about $32,000. BNP Paribas Financial Markets lifted its position in shares of 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 worth $61,000 after acquiring an additional 4,771 shares during the period. Finally, Heron Bay Capital Management bought a new position in shares of Tredegar in the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tredegar in a research report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus 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.