Key Points
- Major shareholder John Gottwald sold 13,170 Tredegar shares at an average price of $8.07, generating proceeds of approximately $106,282. His remaining stake fell 3.36% to 378,449 shares.
- Tredegar reported quarterly EPS of $0.18 on revenue of $216.24 million, compared with EPS of $0.05 in the same period a year earlier.
- The stock opened at $7.97, while analysts maintain a consensus “Hold” rating. Institutional investors and hedge funds own approximately 79.24% of Tredegar’s shares.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder John Gottwald sold 13,170 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $8.07, for a total transaction of $106,281.90. Following the sale, the insider owned 378,449 shares in the company, valued at $3,054,083.43. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Tredegar Price Performance
Shares of NYSE:TG opened at $7.97 on Friday. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The stock has a market cap of $278.47 million, a price-to-earnings ratio of 8.30 and a beta of 0.76. The stock's 50 day moving average price is $7.77 and its 200 day moving average price is $8.28.
Tredegar (NYSE:TG - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. Tredegar had a return on equity of 14.77% and a net margin of 4.26%.The firm had revenue of $216.24 million during the quarter. During the same period in the previous year, the business posted $0.05 earnings per share.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Tredegar in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Tredegar currently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on Tredegar
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its holdings in shares of Tredegar by 531.0% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company's stock valued at $27,000 after buying an additional 2,841 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Tredegar during the fourth quarter worth $32,000. BNP Paribas Financial Markets lifted its holdings 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 purchasing an additional 1,830 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Tredegar by 225.3% in 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 purchased a new position in Tredegar in the 4th quarter worth about $76,000. 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.
See Also
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].
