Key Points
- Tredegar major shareholder John Gottwald sold 7,383 shares on May 15 at an average price of $8.01, totaling about $59,138. After the sale, he still owned 482,469 shares.
- Tredegar stock was trading at $7.46 on Tuesday, near the middle of its 52-week range of $6.25 to $10.53. The company has a market cap of about $261.2 million and a price-to-earnings ratio of 8.88.
- The company reported first-quarter EPS of $0.15 and revenue of $186.49 million in its latest earnings release. Weiss Ratings recently upgraded Tredegar from sell to hold, and Wall Street’s consensus rating is Hold.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 4,550 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $8.34, for a total transaction of $37,947.00. Following the completion of the sale, the insider owned 489,852 shares of the company's stock, valued at approximately $4,085,365.68. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Tredegar Trading Down 6.4%
TG stock opened at $7.46 on Tuesday. The company has a market cap of $261.18 million, a price-to-earnings ratio of 8.88 and a beta of 0.82. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The firm has a 50-day moving average of $8.52 and a two-hundred day moving average of $8.22.
Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.15 EPS for the quarter. The company had revenue of $186.49 million during the quarter. Tredegar had a net margin of 3.89% and a return on equity of 12.91%.
Institutional Trading of Tredegar
Several hedge funds have recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of Tredegar by 2,164.8% in the 1st quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company's stock valued at $257,000 after buying an additional 30,957 shares during the period. Quantinno Capital Management LP grew its stake in shares of Tredegar by 29.0% in the 1st quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company's stock valued at $785,000 after buying an additional 22,221 shares during the period. Renaissance Technologies LLC grew its stake in shares of Tredegar by 33.2% in the 1st quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company's stock valued at $1,553,000 after buying an additional 48,708 shares during the period. Teton Advisors LLC grew its stake in shares of Tredegar by 2.7% in the 1st quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company's stock valued at $898,000 after buying an additional 3,000 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of Tredegar by 1.9% in the 1st quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company's stock valued at $9,834,000 after buying an additional 23,000 shares during the period. Hedge funds and other institutional investors own 79.24% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Tredegar from a "sell (d-)" rating to a "hold (c-)" rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".
Read Our Latest Stock Analysis on TG
About Tredegar
(
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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