Tredegar (NYSE:TG) Director Sells $42,447.35 in Stock

Tredegar Corporation (NYSE:TG) Director Carl Tack III sold 5,435 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $7.81, for a total value of $42,447.35. Following the sale, the director directly owned 73,421 shares in the company, valued at $573,418.01. This represents a 6.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Tredegar Trading Down 2.2%

Tredegar stock opened at $7.81 on Friday. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $10.53. The stock’s fifty day simple moving average is $8.47 and its 200-day simple moving average is $8.23. The firm has a market capitalization of $273.33 million, a P/E ratio of 9.29 and a beta of 0.82.

Tredegar (NYSE:TG) last posted its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.15 earnings per share 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 for the quarter.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Tredegar

Several large investors have recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in Tredegar by 2,164.8% in the first quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock valued at $257,000 after buying an additional 30,957 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Tredegar by 29.0% in the first quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock valued at $785,000 after buying an additional 22,221 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Tredegar by 33.2% in the first quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock valued at $1,553,000 after buying an additional 48,708 shares during the last quarter. Teton Advisors LLC increased its holdings in Tredegar by 2.7% in the first quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock valued at $898,000 after buying an additional 3,000 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings 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 valued at $9,834,000 after buying an additional 23,000 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.