Tredegar (NYSE:TG) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Tredegar Corporation (NYSE:TG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.29 and traded as high as $8.39. Tredegar shares last traded at $7.8570, with a volume of 302,646 shares.

Analysts Set New Price Targets

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

Tredegar Trading Down 1.4%

The firm has a market capitalization of $278.47 million, a price-to-earnings ratio of 8.30 and a beta of 0.76. The company has a fifty day moving average price of $7.77 and a 200-day moving average price of $8.28.

Tredegar (NYSE:TG) last released its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 EPS for the quarter. The firm had revenue of $216.24 million for the quarter. Tredegar had a return on equity of 14.77% and a net margin of 4.26%.During the same quarter in the prior year, the company posted $0.05 EPS.

Insider Transactions at Tredegar

In related news, major shareholder John D. Gottwald sold 20,146 shares of Tredegar stock in a transaction on Friday, June 12th. The shares were sold at an average price of $8.16, for a total value of $164,391.36. Following the completion of the sale, the insider owned 408,767 shares of the company’s stock, valued at approximately $3,335,538.72. The trade was a 4.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James T. Gottwald sold 15,808 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $8.04, for a total transaction of $127,096.32. Following the completion of the sale, the insider owned 435,065 shares of the company’s stock, valued at $3,497,922.60. This represents a 3.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 174,555 shares of company stock worth $1,407,431 in the last 90 days. 2.50% of the stock is owned by insiders.

Institutional Trading of Tredegar

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Tredegar by 0.3% during the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after buying an additional 1,506 shares during the last quarter. Bank of New York Mellon Corp grew its position in Tredegar by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 108,875 shares of the basic materials company’s stock worth $866,000 after buying an additional 1,660 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Tredegar by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 46,921 shares of the basic materials company’s stock worth $373,000 after buying an additional 1,739 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Tredegar by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,830 shares during the period. Finally, Rhumbline Advisers increased its stake in Tredegar by 4.8% during the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 2,021 shares during the period. Institutional investors 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.