Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 4,193 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,193 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $8.02, for a total transaction of $33,627.86. Following the completion of the sale, the insider directly owned 457,639 shares of the company’s stock, valued at $3,670,264.78. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 2.2%

Tredegar stock traded down $0.17 during midday trading on Monday, hitting $7.64. The company’s stock had a trading volume of 65,121 shares, compared to its average volume of 170,497. The stock’s 50-day moving average price is $8.47 and its 200-day moving average price is $8.28. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The company has a market capitalization of $267.55 million, a PE ratio of 9.10 and a beta of 0.75.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC raised its stake in Tredegar by 2,164.8% during the first quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 30,957 shares in the last quarter. Quantinno Capital Management LP increased its position 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 worth $785,000 after purchasing an additional 22,221 shares during the period. Renaissance Technologies LLC increased its position in Tredegar by 33.2% in the first quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock worth $1,553,000 after purchasing an additional 48,708 shares during the period. Teton Advisors LLC increased its position in Tredegar by 2.7% in the first quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 3,000 shares during the period. Finally, Gabelli Funds LLC increased its position 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 worth $9,834,000 after purchasing an additional 23,000 shares during the period. 79.24% of the stock is 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.