Tredegar Corporation (NYSE:TG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.05 and traded as high as $8.32. Tredegar shares last traded at $8.03, with a volume of 99,591 shares trading hands.
Tredegar Trading Down 0.6%
The company has a 50-day moving average of $8.14 and a 200-day moving average of $8.08. The company has a market capitalization of $283.31 million, a price-to-earnings ratio of -4.30 and a beta of 0.82.
Tredegar (NYSE:TG - Get Free Report) last announced its earnings results on Friday, August 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. Tredegar had a positive return on equity of 4.17% and a negative net margin of 9.51%.The company had revenue of $180.50 million for the quarter.
Insider Activity
In other news, major shareholder William M. Gottwald sold 7,051 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $8.43, for a total value of $59,439.93. Following the transaction, the insider directly owned 781,508 shares of the company's stock, valued at approximately $6,588,112.44. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder John D. Gottwald sold 9,118 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $8.68, for a total value of $79,144.24. Following the completion of the transaction, the insider directly owned 789,097 shares in the company, valued at $6,849,361.96. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,798 shares of company stock worth $219,304 over the last ninety days. 5.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Tredegar by 1,131.8% in the first quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company's stock valued at $81,000 after purchasing an additional 9,643 shares during the period. Northern Trust Corp increased its holdings in shares of Tredegar by 3.8% in the fourth quarter. Northern Trust Corp now owns 233,068 shares of the basic materials company's stock valued at $1,790,000 after purchasing an additional 8,459 shares during the period. Deutsche Bank AG increased its holdings in shares of Tredegar by 33.3% in the fourth quarter. Deutsche Bank AG now owns 26,872 shares of the basic materials company's stock valued at $206,000 after purchasing an additional 6,719 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Tredegar in the first quarter valued at about $131,000. Finally, Choreo LLC purchased a new stake in shares of Tredegar in the first quarter worth about $241,000. 79.24% of the stock is owned by institutional investors and hedge funds.
About Tredegar
(
Get Free Report)
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.
Further Reading
Before you consider Tredegar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tredegar wasn't on the list.
While Tredegar currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
