Insider Selling: Tredegar Corporation (NYSE:TG) Major Shareholder Sells 9,118 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John D. Gottwald sold 9,118 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $8.68, for a total transaction of $79,144.24. Following the completion of the transaction, the insider directly owned 789,097 shares in the company, valued at $6,849,361.96. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Down 1.7%

Shares of Tredegar stock opened at $8.26 on Tuesday. Tredegar Corporation has a twelve month low of $4.87 and a twelve month high of $9.43. The business has a 50-day moving average price of $8.78 and a 200-day moving average price of $8.08. The firm has a market cap of $288.26 million, a price-to-earnings ratio of -4.91 and a beta of 0.83.

Tredegar (NYSE:TG) last announced its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.10 EPS for the quarter. Tredegar had a positive return on equity of 9.28% and a negative net margin of 8.35%. The company had revenue of $164.73 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL lifted its position in Tredegar by 2.9% during the first quarter. Gamco Investors INC. ET AL now owns 5,785,780 shares of the basic materials company’s stock valued at $44,551,000 after purchasing an additional 161,971 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Tredegar by 691.9% in the 4th quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company’s stock valued at $22,226,000 after acquiring an additional 2,528,530 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Tredegar by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the basic materials company’s stock valued at $8,520,000 after acquiring an additional 3,403 shares during the last quarter. Gabelli Funds LLC grew its position in Tredegar by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,097,215 shares of the basic materials company’s stock worth $8,449,000 after acquiring an additional 34,800 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Tredegar by 23.6% in the first quarter. American Century Companies Inc. now owns 622,012 shares of the basic materials company’s stock worth $4,789,000 after acquiring an additional 118,946 shares in the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Tredegar from a “buy” rating to a “hold” rating in a research note on Friday, May 9th.

Tredegar Company Profile

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.