Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 4,318 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 4,318 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $8.12, for a total transaction of $35,062.16. Following the sale, the insider directly owned 361,920 shares in the company, valued at approximately $2,938,790.40. This represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Tredegar stock opened at $7.97 on Friday. The firm has a market capitalization of $278.47 million, a price-to-earnings ratio of 8.30 and a beta of 0.76. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $10.53. The stock’s fifty day moving average is $7.77 and its two-hundred day moving average is $8.25.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Tredegar

A number of hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP increased its position in Tredegar by 116.2% in the 2nd quarter. Susquehanna International Group LLP now owns 36,581 shares of the basic materials company’s stock valued at $291,000 after acquiring an additional 19,664 shares during the period. Hsbc Holdings PLC lifted its holdings in Tredegar by 145.3% in the second quarter. Hsbc Holdings PLC now owns 30,559 shares of the basic materials company’s stock worth $242,000 after purchasing an additional 18,103 shares during the period. Empowered Funds LLC acquired a new position in Tredegar during the 2nd quarter valued at about $630,000. Bank of America Corp DE acquired a new stake in shares of Tredegar in the 2nd quarter worth approximately $508,000. Finally, Man Group plc acquired a new position in shares of Tredegar during the second quarter valued at approximately $190,000. 79.24% of the stock is currently owned by institutional investors.

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.