John Gottwald Sells 10,144 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 10,144 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $8.00, for a total transaction of $81,152.00. Following the transaction, the insider directly owned 472,183 shares of the company’s stock, valued at $3,777,464. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Trading Down 2.3%

TG opened at $7.77 on Friday. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $10.53. The firm has a market capitalization of $272.19 million, a PE ratio of 9.25 and a beta of 0.82. The firm has a 50 day moving average of $8.47 and a two-hundred day moving average of $8.28.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Tredegar

Several institutional investors and hedge funds have recently added to or reduced their stakes in TG. Gamco Investors INC. ET AL increased its holdings in Tredegar by 5.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock worth $45,253,000 after acquiring an additional 311,833 shares in the last quarter. Marshall Wace LLP purchased a new stake in Tredegar in the 4th quarter worth $1,427,000. Millennium Management LLC increased its holdings in Tredegar by 716.3% in the 4th quarter. Millennium Management LLC now owns 195,704 shares of the basic materials company’s stock worth $1,405,000 after acquiring an additional 171,729 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Tredegar by 34.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 598,785 shares of the basic materials company’s stock worth $4,299,000 after acquiring an additional 154,735 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Tredegar by 417.1% in the 4th quarter. Jane Street Group LLC now owns 162,735 shares of the basic materials company’s stock worth $1,168,000 after acquiring an additional 131,264 shares in the last quarter. Hedge funds and other 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.