Key Points
- William Gottwald, a major Tredegar shareholder, sold 13,886 shares on Jan. 16 at an average price of $8.57 for about $119,003, reducing his stake to 720,084 shares (a 1.89% decrease).
- Tredegar recently reported $0.26 EPS on $194.94 million in quarterly revenue, but has a negative net margin (-7.75%) and a market cap of about $287.24 million with a P/E of -5.21.
- The stock has mixed analyst coverage with a MarketBeat average rating of "Sell", while institutional investors own roughly 79.24% of the company (notable holders include Vanguard and Gamco).
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 13,886 shares of the business's stock in a transaction on Friday, January 16th. The shares were sold at an average price of $8.57, for a total transaction of $119,003.02. Following the completion of the transaction, the insider owned 720,084 shares in the company, valued at approximately $6,171,119.88. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Tredegar Trading Up 4.4%
Shares of Tredegar stock opened at $8.23 on Thursday. The business has a 50-day moving average price of $7.73 and a two-hundred day moving average price of $7.86. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43. The company has a market cap of $287.24 million, a P/E ratio of -5.21 and a beta of 0.67.
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 8.64% and a negative net margin of 7.75%.The company had revenue of $194.94 million for the quarter.
Wall Street Analysts Forecast Growth
TG has been the subject of several research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Tredegar in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Tredegar from a "hold" rating to a "strong-buy" rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Tredegar presently has an average rating of "Sell".
Check Out Our Latest Analysis on TG
Institutional Trading of Tredegar
Several hedge funds have recently bought and sold shares of the business. Gate City Capital Management LLC raised its holdings in Tredegar by 113.5% during the second quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company's stock worth $2,289,000 after buying an additional 138,278 shares during the last quarter. Teton Advisors LLC bought a new stake in shares of Tredegar during the third quarter worth about $972,000. Vanguard Group Inc. raised its holdings 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 acquiring an additional 117,298 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Tredegar by 1.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,893,407 shares of the basic materials company's stock valued at $51,862,000 after acquiring an additional 107,627 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in Tredegar during the 3rd quarter valued at about $720,000. Institutional investors and hedge funds own 79.24% of the company's stock.
Tredegar Company Profile
(
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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