Key Points
- Major shareholder James Gottwald sold 4,192 shares of Tredegar stock at an average price of $8.02, totaling about $33,620. After the sale, he still owned 457,639 shares, a decrease of just 0.91% in his stake.
- Tredegar’s stock was trading below recent averages, opening at $7.76 versus a 50-day moving average of $8.47 and a 200-day moving average of $8.28. The company has a market value of about $271.6 million and a P/E ratio of 9.23.
- Recent earnings were modest, and analyst sentiment remains neutral: Tredegar reported EPS of $0.15 on revenue of $186.49 million for the latest quarter. Weiss Ratings upgraded the stock from “sell” to “hold,” matching the current consensus rating of Hold.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder James Gottwald sold 4,192 shares of Tredegar stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $8.02, for a total value of $33,619.84. Following the transaction, the insider owned 457,639 shares in the company, valued at $3,670,264.78. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Tredegar Stock Performance
NYSE TG opened at $7.76 on Tuesday. The business's fifty day moving average is $8.47 and its 200 day moving average is $8.28. The company has a market capitalization of $271.56 million, a PE ratio of 9.23 and a beta of 0.82. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $10.53.
Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.15 earnings per share for the quarter. The firm had revenue of $186.49 million during the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on TG
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Tredegar by 0.3% during the second 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. Bank of New York Mellon Corp grew its stake in shares of Tredegar by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 108,875 shares of the basic materials company's stock valued at $866,000 after buying an additional 1,660 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Tredegar by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 46,921 shares of the basic materials company's stock valued at $373,000 after buying an additional 1,739 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Tredegar by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company's stock valued at $42,000 after buying an additional 1,830 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Tredegar by 4.8% during the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company's stock valued at $388,000 after buying an additional 2,021 shares during the last quarter. Institutional investors 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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
