John Gottwald Sells 17,148 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 17,148 shares of Tredegar stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.19, for a total transaction of $140,442.12. Following the sale, the insider directly owned 391,619 shares of the company’s stock, valued at $3,207,359.61. This trade represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 0.3%

Tredegar stock opened at $7.96 on Friday. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The stock has a market cap of $278.09 million, a P/E ratio of 8.29 and a beta of 0.76. The company’s fifty day simple moving average is $7.77 and its 200-day simple moving average is $8.28.

Tredegar (NYSE:TG) last announced its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $216.24 million during the quarter. Tredegar had a return on equity of 14.52% and a net margin of 4.26%.During the same quarter in the prior year, the business posted $0.05 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in shares of Tredegar by 531.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 2,841 shares in the last quarter. Torren Management LLC bought a new stake in Tredegar in the fourth quarter worth $32,000. BNP Paribas Financial Markets boosted its holdings in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Tredegar by 225.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after buying an additional 4,771 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new position in Tredegar during the fourth quarter worth $76,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tredegar in a research note on Friday, August 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock 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.