William Gottwald Sells 20,145 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 20,145 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $8.16, for a total transaction of $164,383.20. Following the completion of the sale, the insider owned 408,767 shares of the company’s stock, valued at $3,335,538.72. This trade represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

Shares of TG opened at $7.71 on Wednesday. Tredegar Corporation has a one year low of $6.25 and a one year high of $10.53. The company has a 50-day simple moving average of $8.51 and a two-hundred day simple moving average of $8.27. The firm has a market capitalization of $269.81 million, a PE ratio of 9.17 and a beta of 0.75.

Tredegar (NYSE:TG) last announced its earnings results on Friday, May 8th. The basic materials company reported $0.15 earnings per share 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 Analyst Weigh In

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

Hedge Funds Weigh In On Tredegar

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Teton Advisors LLC bought a new stake in shares of Tredegar during the third quarter valued at approximately $972,000. Gabelli Funds LLC increased its position in shares of Tredegar by 6.9% during the third quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock valued at $9,383,000 after acquiring an additional 74,933 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Tredegar by 5.2% during the fourth 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 acquiring an additional 311,833 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Tredegar by 19.3% during the first quarter. Hillsdale Investment Management Inc. now owns 43,200 shares of the basic materials company’s stock valued at $343,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Bailard Inc. increased its position in shares of Tredegar by 7.0% during the fourth quarter. Bailard Inc. now owns 36,956 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 2,425 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

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.