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 company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $8.04, for a total value of $127,104.36. Following the completion of the transaction, the insider directly owned 435,064 shares in the company, valued at $3,497,914.56. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 2.2%

TG stock opened at $8.17 on Friday. The stock has a market capitalization of $286.25 million, a PE ratio of 9.73 and a beta of 0.74. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $10.53. The stock’s 50 day simple moving average is $8.52 and its 200 day simple moving average is $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. The business had revenue of $186.49 million for the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Tredegar

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its holdings in shares of Tredegar by 5.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock valued at $45,253,000 after buying an additional 311,833 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Tredegar by 8.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock valued at $12,148,000 after buying an additional 117,298 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Tredegar by 1.9% during the 1st quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock valued at $9,834,000 after buying an additional 23,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Tredegar by 4.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock valued at $8,966,000 after buying an additional 51,438 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Tredegar by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock valued at $4,611,000 after buying an additional 21,320 shares during the period. 79.24% of the stock is owned by institutional investors.

Tredegar Company Profile

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.