Tredegar Corporation (NYSE:TG - Get Free Report) shares passed 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 traded.
Tredegar Trading Down 0.6%
The stock has a market capitalization of $283.31 million, a P/E ratio of -4.30 and a beta of 0.82. The company has a 50-day moving average price of $8.14 and a 200 day moving average price of $8.06.
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 related news, major shareholder John D. Gottwald sold 9,118 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $8.68, for a total transaction of $79,144.24. Following the transaction, the insider directly owned 789,097 shares of the company's stock, valued at $6,849,361.96. This represents a 1.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder William M. Gottwald sold 7,051 shares of the company's stock in a transaction dated Friday, August 1st. The shares were 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 in the company, valued at $6,588,112.44. This represents a 0.89% 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. 5.95% of the stock is currently owned by corporate insiders.
Institutional Trading of Tredegar
Several large investors have recently added to or reduced their stakes in TG. GAMMA Investing LLC boosted its stake 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 worth $81,000 after buying an additional 9,643 shares during the last quarter. Northern Trust Corp boosted its stake 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 worth $1,790,000 after buying an additional 8,459 shares during the last quarter. Deutsche Bank AG boosted its stake 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 worth $206,000 after buying an additional 6,719 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Tredegar during the first quarter worth approximately $131,000. Finally, Choreo LLC purchased a new position in Tredegar during the first quarter worth approximately $241,000. Hedge funds and other institutional investors own 79.24% of the company's stock.
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.
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