Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 4,193 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,193 shares of Tredegar stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $8.02, for a total transaction of $33,627.86. Following the completion of the sale, the insider owned 457,639 shares in the company, valued at approximately $3,670,264.78. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Down 0.7%

Shares of NYSE:TG opened at $7.76 on Tuesday. 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 $271.56 million, a P/E ratio of 9.23 and a beta of 0.82. The firm has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $8.28.

Tredegar (NYSE:TG) last issued its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.15 EPS for the quarter. Tredegar had a net margin of 3.89% and a return on equity of 12.91%. The business had revenue of $186.49 million during the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Tredegar

Several large investors have recently modified their holdings of TG. AQR Capital Management LLC raised its holdings in shares of Tredegar by 31.4% in the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 4,097 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Tredegar in the 1st quarter valued at about $144,000. Geode Capital Management LLC raised its holdings in shares of Tredegar by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after purchasing an additional 1,506 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Tredegar by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock valued at $388,000 after purchasing an additional 2,021 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of 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 purchasing an additional 4,771 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

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.