James Gottwald Sells 2,351 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 2,351 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $8.00, for a total transaction of $18,808.00. Following the transaction, the insider owned 450,873 shares in the company, valued at approximately $3,606,984. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Shares of TG traded up $0.09 during trading hours on Thursday, reaching $7.98. 76,315 shares of the company traded hands, compared to its average volume of 169,890. The stock’s fifty day moving average is $8.52 and its 200 day moving average is $8.26. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $10.53. The stock has a market cap of $279.44 million, a P/E ratio of 9.50 and a beta of 0.74.

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

Institutional Investors Weigh In On Tredegar

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in shares of Tredegar by 531.0% in 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 during the period. Torren Management LLC bought a new stake in shares of Tredegar in the 4th quarter valued at approximately $32,000. BNP Paribas Financial Markets grew its stake in shares of Tredegar by 53.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 1,830 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Tredegar by 225.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 4,771 shares during the period. Finally, Heron Bay Capital Management bought a new stake in shares of Tredegar in the 4th quarter valued at approximately $76,000. 79.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Tredegar currently 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.