Key Points
- James Gottwald sold 2,388 Tredegar shares at an average price of $8.50 on Nov. 12, reducing his ownership by 0.32% to 754,973 shares (about $6.42M), according to an SEC filing.
- Tredegar shares traded up ~0.6% to $8.48 on elevated volume (277,357 shares vs. a 96,475 average); the company has a market cap of $296M, reported $0.26 EPS on $194.94M revenue last quarter with a negative net margin of 9.51%, and carries an average analyst rating of "Sell" amid mixed broker views.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 2,387 shares of the business's stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $8.50, for a total transaction of $20,289.50. Following the transaction, the insider directly owned 754,973 shares in the company, valued at approximately $6,417,270.50. The trade was a 0.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Tredegar Trading Up 0.6%
Tredegar stock traded up $0.05 during midday trading on Friday, hitting $8.48. 277,357 shares of the stock were exchanged, compared to its average volume of 96,475. The stock's 50-day simple moving average is $7.65 and its 200 day simple moving average is $8.13. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $9.43. The stock has a market capitalization of $296.18 million, a price-to-earnings ratio of -4.49 and a beta of 0.78.
Tredegar (NYSE:TG - Get Free Report) last posted its quarterly earnings results on Friday, November 7th. The basic materials company reported $0.26 earnings per share for the quarter. Tredegar had a negative net margin of 9.51% and a positive return on equity of 4.17%. The business had revenue of $194.94 million during the quarter.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on TG. Weiss Ratings restated a "sell (d-)" rating on shares of Tredegar in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Tredegar from a "hold" rating to a "strong-buy" rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".
View Our Latest Stock Report on TG
Hedge Funds Weigh In On Tredegar
A number of institutional investors and hedge funds have recently modified their holdings of TG. Gamco Investors INC. ET AL grew its position in shares of Tredegar by 1.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company's stock valued at $48,107,000 after buying an additional 97,444 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Tredegar by 8.4% during the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company's stock worth $12,148,000 after purchasing an additional 117,298 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Tredegar by 6.9% during the third quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company's stock worth $9,383,000 after purchasing an additional 74,933 shares during the last quarter. American Century Companies Inc. increased its position in shares of Tredegar by 23.6% during the first quarter. American Century Companies Inc. now owns 622,012 shares of the basic materials company's stock worth $4,789,000 after purchasing an additional 118,946 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Tredegar by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company's stock valued at $5,187,000 after purchasing an additional 1,506 shares during the last quarter. Institutional investors and hedge funds 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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