Tredegar (NYSE:TG) Major Shareholder Sells $27,810.72 in Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 3,472 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.01, for a total transaction of $27,810.72. Following the transaction, the insider owned 366,238 shares in the company, valued at approximately $2,933,566.38. This trade represents a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Down 0.1%

NYSE:TG traded down $0.01 during mid-day trading on Wednesday, reaching $7.99. 50,404 shares of the company were exchanged, compared to its average volume of 169,035. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The company has a fifty day moving average of $7.78 and a 200 day moving average of $8.27. The stock has a market cap of $279.17 million, a PE ratio of 8.32 and a beta of 0.76.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tredegar in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Institutional Trading of Tredegar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in Tredegar by 31.4% during the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 4,097 shares during the period. Jane Street Group LLC acquired a new stake in shares of Tredegar during the 1st quarter worth approximately $144,000. Geode Capital Management LLC grew its position in shares of Tredegar by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock worth $5,187,000 after buying an additional 1,506 shares during the period. Rhumbline Advisers raised its stake in shares of Tredegar by 4.8% during the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after buying an additional 2,021 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Tredegar Company Profile

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.