John D. Gottwald Sells 9,118 Shares of Tredegar Corporation (NYSE:TG) Stock

Key Points

• Major shareholder John D. Gottwald sold 9,118 shares of Tredegar Corporation stock for a total of $79,144.24, decreasing their ownership to 789,097 shares.
• Tredegar's stock price has shown a 1-year range between $4.87 and $9.43, currently trading at $8.26.
• Following recent earnings results that included a negative net margin of 8.35%, Wall Street Zen downgraded Tredegar from a "buy" to a "hold" rating.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder John D. Gottwald sold 9,118 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $8.68, for a total transaction of $79,144.24. Following the sale, the insider directly owned 789,097 shares of the company's stock, valued at approximately $6,849,361.96. The trade was a 1.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 0.8%

Shares of TG stock traded up $0.07 during mid-day trading on Friday, reaching $8.23. The stock had a trading volume of 13,524 shares, compared to its average volume of 81,995. The stock's 50-day moving average price is $8.77 and its two-hundred day moving average price is $8.08. The firm has a market capitalization of $287.22 million, a PE ratio of -4.90 and a beta of 0.83. Tredegar Corporation has a 52-week low of $5.30 and a 52-week high of $9.43.

Tredegar (NYSE:TG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.10 earnings per share for the quarter. Tredegar had a positive return on equity of 9.28% and a negative net margin of 8.35%. The business had revenue of $164.73 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Tredegar from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TG. American Century Companies Inc. lifted its stake in shares of Tredegar by 35.0% during the 4th quarter. American Century Companies Inc. now owns 503,066 shares of the basic materials company's stock worth $3,864,000 after buying an additional 130,291 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Tredegar by 100.3% during the 4th quarter. JPMorgan Chase & Co. now owns 136,663 shares of the basic materials company's stock worth $1,050,000 after acquiring an additional 68,423 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Tredegar by 608.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 151,269 shares of the basic materials company's stock valued at $1,162,000 after acquiring an additional 129,909 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Tredegar by 569.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 99,167 shares of the basic materials company's stock valued at $762,000 after purchasing an additional 84,363 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Tredegar by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company's stock worth $122,000 after purchasing an additional 3,204 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company's stock.

About Tredegar

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.