Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $127,104.36 in Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 15,809 shares of Tredegar stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $8.04, for a total transaction of $127,104.36. Following the sale, the insider directly owned 435,064 shares of the company’s stock, valued at $3,497,914.56. The trade was a 3.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

Shares of TG stock opened at $8.17 on Friday. The company has a market capitalization of $286.23 million, a price-to-earnings ratio of 9.73 and a beta of 0.74. The company has a 50-day simple moving average of $8.52 and a 200 day simple moving average of $8.26. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Tredegar

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL raised its stake in Tredegar by 5.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock worth $45,253,000 after purchasing an additional 311,833 shares in the last quarter. Vanguard Group Inc. raised its stake in Tredegar by 8.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after purchasing an additional 117,298 shares in the last quarter. Gabelli Funds LLC raised its stake in Tredegar by 1.9% in the 1st quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock worth $9,834,000 after purchasing an additional 23,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Tredegar by 4.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,127,926 shares of the basic materials company’s stock worth $8,966,000 after purchasing an additional 51,438 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Tredegar by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock worth $4,611,000 after purchasing an additional 21,320 shares in the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

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.