Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells 4,318 Shares

Key Points

• Major shareholder William Gottwald sold 4,318 Tredegar shares at an average price of $8.12, generating approximately $35,062. After the sale, he retained 361,920 shares, a 1.18% reduction in his position.
• Tredegar shares recently traded at $7.93, with a 12-month range of $6.25 to $10.53. The company reported quarterly earnings of $0.18 per share on revenue of $216.24 million.
• The stock carries a consensus “Hold” rating, while institutional investors and hedge funds own 79.24% of outstanding shares; BlackRock recently established a stake worth about $19.2 million.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 4,318 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $8.12, for a total value of $35,062.16. Following the completion of the transaction, the insider owned 361,920 shares in the company, valued at $2,938,790.40. The trade was a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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Tredegar Price Performance

TG traded up $0.07 on Friday, hitting $7.93. 49,969 shares of the stock were exchanged, compared to its average volume of 168,658. The business has a 50-day moving average of $7.77 and a two-hundred day moving average of $8.25. The firm has a market capitalization of $277.07 million, a price-to-earnings ratio of 8.26 and a beta of 0.76. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Tredegar in a research report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tredegar currently has a consensus rating of "Hold".

Institutional Investors Weigh In On Tredegar

Several large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Tredegar in the second quarter worth approximately $19,151,000. Gamco Investors INC. ET AL increased its stake in shares of 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 valued at $45,253,000 after acquiring an additional 311,833 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Tredegar during the 4th quarter valued at $1,427,000. Millennium Management LLC boosted its stake in Tredegar by 716.3% during the fourth quarter. Millennium Management LLC now owns 195,704 shares of the basic materials company's stock worth $1,405,000 after acquiring an additional 171,729 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Tredegar by 34.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 598,785 shares of the basic materials company's stock valued at $4,299,000 after buying an additional 154,735 shares during the period. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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