Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $82,911.51 in Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 10,351 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $8.01, for a total value of $82,911.51. Following the sale, the insider owned 461,832 shares of the company’s stock, valued at approximately $3,699,274.32. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 2.3%

NYSE TG opened at $7.77 on Friday. The company has a market cap of $272.21 million, a price-to-earnings ratio of 9.25 and a beta of 0.82. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53. The business has a 50 day moving average price of $8.47 and a 200-day moving average price of $8.28.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL boosted its position in Tredegar by 5.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock worth $45,253,000 after purchasing an additional 311,833 shares during the last quarter. Vanguard Group Inc. boosted its position in Tredegar by 8.4% in the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after purchasing an additional 117,298 shares during the last quarter. Gabelli Funds LLC boosted its position in Tredegar by 1.9% in the first quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock worth $9,834,000 after purchasing an additional 23,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Tredegar by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock worth $8,966,000 after purchasing an additional 51,438 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Tredegar by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock worth $4,611,000 after purchasing an additional 21,320 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tredegar presently has a consensus rating of “Hold”.

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.