Tredegar (NYSE:TG) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• Tredegar's stock has been given a "Sell (D-)" rating by Weiss Ratings, indicating a negative outlook from investment analysts.
• Recently, two major shareholders sold 16,087 and 16,086 shares of Tredegar stock at an average price of $8.01, reflecting a 2.07% decrease in their stakes.
• Tredegar reported a negative net margin of 9.51% and a revenue of $180.50 million for the last quarter, indicating ongoing financial challenges.

Tredegar (NYSE:TG - Get Free Report)'s stock had its "sell (d-)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Tredegar Stock Performance

Shares of NYSE TG traded up $0.08 during mid-day trading on Wednesday, hitting $7.86. The stock had a trading volume of 62,404 shares, compared to its average volume of 84,233. Tredegar has a 1 year low of $6.45 and a 1 year high of $9.43. The business has a 50 day moving average price of $7.89 and a two-hundred day moving average price of $8.12. The firm has a market cap of $274.24 million, a P/E ratio of -4.16 and a beta of 0.78.

Tredegar (NYSE:TG - Get Free Report) last issued its earnings results on Friday, August 8th. The basic materials company reported $0.05 EPS for the quarter. Tredegar had a negative net margin of 9.51% and a positive return on equity of 4.17%. The company had revenue of $180.50 million for the quarter.

Insider Buying and Selling at Tredegar

In other Tredegar news, major shareholder William M. Gottwald sold 16,087 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $8.01, for a total transaction of $128,856.87. Following the transaction, the insider directly owned 759,810 shares of the company's stock, valued at approximately $6,086,078.10. The trade was a 2.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John D. Gottwald sold 16,086 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $8.01, for a total transaction of $128,848.86. Following the transaction, the insider directly owned 759,811 shares in the company, valued at approximately $6,086,086.11. The trade was a 2.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,485 shares of company stock worth $577,626. 5.80% of the stock is owned by insiders.

Institutional Trading of Tredegar

A number of hedge funds and other institutional investors have recently modified their holdings of TG. Tower Research Capital LLC TRC grew its position in shares of Tredegar by 225.3% in the 2nd 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 during the period. GAMMA Investing LLC grew its position in shares of Tredegar by 1,131.8% in the 1st quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company's stock worth $81,000 after buying an additional 9,643 shares during the period. MetLife Investment Management LLC grew its position in shares of Tredegar by 25.9% in the 1st quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company's stock worth $118,000 after buying an additional 3,145 shares during the period. Osaic Holdings Inc. grew its position in shares of Tredegar by 130.0% in the 2nd quarter. Osaic Holdings Inc. now owns 13,988 shares of the basic materials company's stock worth $123,000 after buying an additional 7,907 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Tredegar in the 1st quarter worth about $131,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

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.

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