Key Points
- Tredegar major shareholder William Gottwald sold 20,145 shares on June 12 at an average price of $8.16, for total proceeds of $164,383.20. After the sale, he still held 408,767 shares, a 4.70% reduction in his position.
- Tredegar’s stock was trading near $7.98 when the article was published, giving the company a market cap of about $279.28 million and a P/E ratio of 9.49. The shares have ranged from $6.25 to $10.53 over the past 52 weeks.
- Recent sentiment on Tredegar remains mixed but generally neutral, with Weiss Ratings upgrading the stock from “sell” to “hold” and MarketBeat showing a consensus Hold rating. Institutional investors own about 79.24% of the company’s shares.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 6,152 shares of the company's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $8.00, for a total value of $49,216.00. Following the completion of the transaction, the insider directly owned 428,913 shares in the company, valued at $3,431,304. This represents a 1.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Tredegar Stock Performance
NYSE TG opened at $7.98 on Tuesday. The stock has a market capitalization of $279.28 million, a P/E ratio of 9.49 and a beta of 0.75. Tredegar Corporation has a 1 year low of $6.25 and a 1 year high of $10.53. The business's fifty day moving average is $8.51 and its two-hundred day moving average is $8.27.
Tredegar (NYSE:TG - Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $186.49 million for the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.
Institutional Trading of Tredegar
Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Tredegar by 531.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 2,841 shares during the period. Torren Management LLC acquired a new stake in Tredegar during the 4th quarter valued at $32,000. BNP Paribas Financial Markets raised its stake in Tredegar by 53.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 1,830 shares during the period. Tower Research Capital LLC TRC raised its stake in Tredegar by 225.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 4,771 shares during the period. Finally, Heron Bay Capital Management acquired a new stake in Tredegar during the 4th quarter valued at $76,000. 79.24% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Weiss Ratings raised 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, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".
Read Our Latest Analysis on Tredegar
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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