John Gottwald Sells 13,170 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 13,170 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $8.07, for a total value of $106,281.90. Following the sale, the insider owned 378,449 shares in the company, valued at approximately $3,054,083.43. This trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

Tredegar stock opened at $7.96 on Friday. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $10.53. The company has a market capitalization of $278.09 million, a price-to-earnings ratio of 8.29 and a beta of 0.76. The stock has a fifty day moving average of $7.77 and a two-hundred day moving average of $8.28.

Tredegar (NYSE:TG) last issued its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. The business 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 quarter in the prior year, the company earned $0.05 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake 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 purchasing an additional 1,506 shares during the period. Bank of New York Mellon Corp grew its position in shares of Tredegar by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 108,875 shares of the basic materials company’s stock valued at $866,000 after purchasing an additional 1,660 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Tredegar by 3.8% in the first quarter. Janney Montgomery Scott LLC now owns 46,921 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 1,739 shares during the period. BNP Paribas Financial Markets increased its stake in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Tredegar by 4.8% in the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock valued at $388,000 after purchasing an additional 2,021 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat, Tredegar has an average rating of “Hold”.

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.