Key Points
- William Gottwald, a major Tredegar (NYSE:TG) shareholder, sold 10,944 shares on Nov. 17 at an average price of $8.54 for about $93,462, reducing his holding to 734,004 shares (a 1.47% decrease), per an SEC filing.
- Tredegar shares recently traded near $8.23 (up ~2.9%), the company has a market cap of roughly $287.5M and a negative net margin, and analysts' consensus is a "Sell" despite mixed individual ratings.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 10,944 shares of Tredegar stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $8.54, for a total transaction of $93,461.76. Following the transaction, the insider owned 734,004 shares of the company's stock, valued at approximately $6,268,394.16. The trade was a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Tredegar Stock Up 2.9%
Shares of TG traded up $0.23 during mid-day trading on Thursday, reaching $8.23. 22,441 shares of the company's stock were exchanged, compared to its average volume of 97,690. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $9.43. The company has a market cap of $287.46 million, a price-to-earnings ratio of -4.37 and a beta of 0.78. The company has a 50-day simple moving average of $7.67 and a two-hundred day simple moving average of $8.14.
Tredegar (NYSE:TG - Get Free Report) last announced its earnings results on Friday, November 7th. The basic materials company reported $0.26 EPS for the quarter. Tredegar had a positive return on equity of 4.17% and a negative net margin of 9.51%.The firm had revenue of $194.94 million for the quarter.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Tredegar in a report on Wednesday, October 8th. Wall Street Zen raised shares of Tredegar from a "hold" rating to a "strong-buy" rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".
View Our Latest Stock Report on TG
Hedge Funds Weigh In On Tredegar
Several large investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its holdings in Tredegar by 1.7% in the third quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company's stock worth $48,107,000 after purchasing an additional 97,444 shares during the period. Vanguard Group Inc. lifted its position in shares of Tredegar by 8.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company's stock worth $12,148,000 after buying an additional 117,298 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Tredegar by 6.9% in the 3rd quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company's stock worth $9,383,000 after buying an additional 74,933 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Tredegar by 23.6% in the 1st quarter. American Century Companies Inc. now owns 622,012 shares of the basic materials company's stock valued at $4,789,000 after buying an additional 118,946 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Tredegar by 0.3% during 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 buying an additional 1,506 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors.
Tredegar Company Profile
(
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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