Tredegar (NYSE:TG) Major Shareholder Sells 13,170 Shares

Key Points

• Major shareholder John Gottwald sold 13,170 Tredegar shares at an average price of $8.07, generating $106,281.90. His remaining direct ownership fell 3.36% to 378,449 shares.
• Tredegar shares traded down 1.7% to $7.94, with a market capitalization of approximately $277.4 million. The stock has ranged from $6.25 to $10.53 over the past year.
• The company reported quarterly EPS of $0.18 on revenue of $216.24 million, up from $0.05 EPS in the prior-year period. Analysts maintain a consensus “Hold” rating, while institutional investors own 79.24% of the stock.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder John Gottwald sold 13,170 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $8.07, for a total transaction of $106,281.90. Following the sale, the insider directly owned 378,449 shares of the company's stock, valued at $3,054,083.43. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Tredegar Price Performance

NYSE TG traded down $0.14 during mid-day trading on Thursday, reaching $7.94. The stock had a trading volume of 39,502 shares, compared to its average volume of 169,325. The stock has a market cap of $277.39 million, a PE ratio of 8.27 and a beta of 0.76. Tredegar Corporation has a 1 year low of $6.25 and a 1 year high of $10.53. The company has a fifty day moving average price of $7.77 and a 200 day moving average price of $8.28.

Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 EPS for the quarter. Tredegar had a return on equity of 14.77% and a net margin of 4.26%.The company had revenue of $216.24 million for the quarter. During the same period last year, the business earned $0.05 earnings per share.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Tredegar in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold".

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TG. Russell Investments Group Ltd. boosted its position in Tredegar by 531.0% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company's stock worth $27,000 after purchasing an additional 2,841 shares during the last quarter. Torren Management LLC bought a new position in shares of Tredegar in the 4th quarter worth approximately $32,000. BNP Paribas Financial Markets lifted its stake in shares of Tredegar by 53.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company's stock worth $42,000 after purchasing an additional 1,830 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Tredegar by 225.3% in 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 during the last quarter. Finally, Heron Bay Capital Management purchased a new position in shares of Tredegar in the fourth quarter worth approximately $76,000. Institutional investors own 79.24% of the company's stock.

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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