John Gottwald Sells 17,148 Shares of Tredegar (NYSE:TG) Stock

Key Points

• Major shareholder John Gottwald sold 17,148 Tredegar shares at an average price of $8.19, generating approximately $140,442. After the sale, he retained 391,619 shares, a 4.2% reduction in his ownership.
• Tredegar shares recently fell 1.7% to $7.94. The company reported quarterly earnings of $0.18 per share on revenue of $216.24 million, compared with $0.05 per share in the prior-year period.
• Analyst sentiment remains neutral, with Weiss Ratings reiterating a “hold (C-)” rating and MarketBeat reporting an average “Hold” rating. Institutional investors and hedge funds own approximately 79.24% of the company.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder John Gottwald sold 17,148 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.19, for a total transaction of $140,442.12. Following the transaction, the insider owned 391,619 shares of the company's stock, valued at $3,207,359.61. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Down 1.7%

Shares of NYSE TG traded down $0.14 during trading on Thursday, hitting $7.94. The company had a trading volume of 39,502 shares, compared to its average volume of 169,325. The firm has a market capitalization of $277.39 million, a price-to-earnings ratio of 8.28 and a beta of 0.76. The stock has a fifty day simple moving average of $7.77 and a two-hundred day simple moving average of $8.28. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week 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. Tredegar had a net margin of 4.26% and a return on equity of 14.77%. The firm had revenue of $216.24 million for the quarter. During the same period in the prior year, the business posted $0.05 earnings per share.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the stock has an average rating of "Hold".

Hedge Funds Weigh In On Tredegar

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in Tredegar by 531.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 2,841 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Tredegar in the fourth quarter valued at approximately $32,000. BNP Paribas Financial Markets increased its holdings in shares of 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. Tower Research Capital LLC TRC lifted its position in Tredegar by 225.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company's stock worth $61,000 after buying an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new position in Tredegar during the fourth quarter worth $76,000. 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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