Key Points
- Tredegar major shareholder John Gottwald sold 10,144 shares at $8.00 each, totaling about $81,152. After the sale, he still owned 472,183 shares, a 2.10% reduction in his position.
- Tredegar stock opened at $7.95 and has traded between a one-year low of $6.25 and high of $10.53. The company has a market cap of about $278.44 million and a P/E ratio of 9.47.
- The company recently reported $0.15 EPS on revenue of $186.49 million for the quarter, while analyst sentiment remains cautious with an average Hold rating. Weiss Ratings also recently upgraded Tredegar from sell to hold.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder John Gottwald sold 10,144 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $8.00, for a total value of $81,152.00. Following the completion of the transaction, the insider owned 472,183 shares in the company, valued at $3,777,464. This trade represents a 2.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Tredegar Price Performance
Shares of NYSE TG opened at $7.95 on Friday. The business's 50-day moving average price is $8.47 and its two-hundred day moving average price is $8.29. Tredegar Corporation has a one year low of $6.25 and a one year high of $10.53. The company has a market capitalization of $278.44 million, a P/E ratio of 9.47 and a beta of 0.82.
Tredegar (NYSE:TG - Get Free Report) last issued its earnings results on Friday, May 8th. The basic materials company reported $0.15 EPS for the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.The firm had revenue of $186.49 million for the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of TG. AQR Capital Management LLC grew its stake in Tredegar by 31.4% in the first quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 4,097 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Tredegar in the first quarter worth about $144,000. Geode Capital Management LLC lifted its position in shares of Tredegar by 0.3% in the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company's stock worth $5,187,000 after buying an additional 1,506 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Tredegar by 4.8% in the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company's stock worth $388,000 after buying an additional 2,021 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company's stock worth $61,000 after buying an additional 4,771 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Tredegar from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".
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Tredegar Company Profile
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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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