Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $27,810.72 in Stock

Key Points

• Major shareholder William Gottwald sold 3,472 Tredegar shares at an average price of $8.01, generating $27,810.72. His remaining stake was 366,238 shares, a 0.94% reduction.
• Tredegar shares slipped 0.1% to $7.99, while the company reported quarterly revenue of $216.24 million and earnings of $0.18 per share, up from $0.05 a year earlier.
• Analyst sentiment remains cautious, with Weiss Ratings reiterating a “hold (C-)” rating and MarketBeat reporting a consensus “Hold.” Institutional investors and hedge funds own 79.24% of the stock.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 3,472 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.01, for a total transaction of $27,810.72. Following the completion of the transaction, the insider directly owned 366,238 shares of the company's stock, valued at $2,933,566.38. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Tredegar Stock Down 0.1%

TG traded down $0.01 during midday trading on Wednesday, reaching $7.99. 50,404 shares of the company's stock were exchanged, compared to its average volume of 169,035. The business has a 50-day simple moving average of $7.78 and a two-hundred day simple moving average of $8.27. The firm has a market capitalization of $279.17 million, a price-to-earnings ratio of 8.32 and a beta of 0.76. Tredegar Corporation has a one year low of $6.25 and a one year high of $10.53.

Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 earnings per share for the quarter. Tredegar had a return on equity of 14.52% and a net margin of 4.26%.The company had revenue of $216.24 million for the quarter. During the same quarter in the prior year, the company posted $0.05 earnings per share.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of Tredegar in a research note on Friday, August 7th. One investment 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TG. Gamco Investors INC. ET AL grew its position in Tredegar by 5.2% during 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 acquiring an additional 311,833 shares during the last quarter. Renaissance Technologies LLC raised its position in Tredegar by 33.2% in the 1st quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company's stock valued at $1,553,000 after purchasing an additional 48,708 shares during the last quarter. Teton Advisors LLC raised its position in Tredegar by 2.7% in the 1st quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company's stock valued at $898,000 after purchasing an additional 3,000 shares during the last quarter. Gabelli Funds LLC boosted its stake 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Tredegar by 4.8% in the first 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. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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