Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 7,718 Shares

Key Points

• Major shareholder William Gottwald sold 7,718 Tredegar shares at an average price of $8.02, receiving $61,898.36. His remaining stake is 369,710 shares, a 2.04% reduction.
• Tredegar shares dipped 0.1% to $7.99, while the company reported quarterly EPS of $0.18 on revenue of $216.24 million, up from $0.05 EPS a year earlier.
• The stock carries a consensus “Hold” rating, and institutional investors and hedge funds own 79.24% of Tredegar’s outstanding shares.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 7,718 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $8.02, for a total value of $61,898.36. Following the completion of the transaction, the insider owned 369,710 shares of the company's stock, valued at $2,965,074.20. This trade represents a 2.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Tredegar Trading Down 0.1%

Shares of TG stock traded down $0.01 during trading hours on Wednesday, hitting $7.99. The company's stock had a trading volume of 50,404 shares, compared to its average volume of 169,035. The company has a 50 day moving average of $7.78 and a 200 day moving average of $8.27. The stock has a market cap of $279.17 million, a PE ratio of 8.32 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 data on Friday, August 7th. The basic materials company reported $0.18 EPS for the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.52%. The business had revenue of $216.24 million for the quarter. During the same period in the previous year, the business earned $0.05 EPS.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings 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 valued at $27,000 after purchasing an additional 2,841 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Tredegar during the fourth quarter worth $32,000. BNP Paribas Financial Markets boosted its holdings in Tredegar by 53.2% in the 3rd 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 in the last quarter. Tower Research Capital LLC TRC lifted its holdings in 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 valued at $61,000 after acquiring an additional 4,771 shares during the period. Finally, Heron Bay Capital Management acquired a new position in Tredegar during the fourth quarter worth about $76,000. 79.24% of the stock is 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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