Shares of Tredegar Corporation (NYSE:TG - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.12 and traded as high as $9.93. Tredegar shares last traded at $9.7640, with a volume of 112,431 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Tredegar in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Sell".
Get Our Latest Stock Report on TG
Tredegar Stock Performance
The business has a fifty day moving average of $8.56 and a two-hundred day moving average of $8.12. The firm has a market capitalization of $339.40 million, a price-to-earnings ratio of 10.17 and a beta of 0.82.
Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $184.07 million during the quarter. Tredegar had a return on equity of 12.74% and a net margin of 4.62%.
Insider Activity at Tredegar
In related news, major shareholder James T. Gottwald sold 28,787 shares of the business's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $8.99, for a total value of $258,795.13. Following the completion of the sale, the insider directly owned 541,446 shares in the company, valued at $4,867,599.54. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder William M. Gottwald sold 4,815 shares of the business's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $9.02, for a total value of $43,431.30. Following the completion of the sale, the insider owned 524,623 shares of the company's stock, valued at $4,732,099.46. This trade represents a 0.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 205,034 shares of company stock worth $1,846,253 in the last ninety days. 2.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On Tredegar
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TG. 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 in the last quarter. Torren Management LLC acquired a new position in Tredegar in the 4th quarter valued at $32,000. BNP Paribas Financial Markets raised 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 acquiring an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 valued at $61,000 after acquiring an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new position in Tredegar in the 4th quarter valued at $76,000. 79.24% of the stock is owned by institutional investors and hedge funds.
About Tredegar
(
Get Free Report)
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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