Tredegar (NYSE:TG) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Tredegar Corporation (NYSE:TG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.97 and traded as high as $8.15. Tredegar shares last traded at $8.1150, with a volume of 169,352 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tredegar presently has an average rating of “Sell”.

Tredegar Stock Performance

The company has a 50 day moving average of $8.55 and a two-hundred day moving average of $7.97. The stock has a market capitalization of $282.08 million, a PE ratio of 8.45 and a beta of 0.63.

Tredegar (NYSE:TG) last released its quarterly earnings results on Wednesday, March 11th. The basic materials company reported $0.32 EPS for the quarter. The company had revenue of $184.07 million during the quarter. Tredegar had a return on equity of 12.74% and a net margin of 4.62%.

Insider Activity at Tredegar

In other Tredegar news, major shareholder James T. Gottwald sold 28,787 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $8.99, for a total transaction of $258,795.13. Following the sale, the insider owned 541,446 shares of the company’s stock, valued at approximately $4,867,599.54. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder John D. Gottwald sold 54,268 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $8.70, for a total transaction of $472,131.60. Following the transaction, the insider owned 665,816 shares in the company, valued at $5,792,599.20. The trade was a 7.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 390,991 shares of company stock valued at $3,451,532 in the last three months. 5.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Tredegar

A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in shares of Tredegar by 31.4% in the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 4,097 shares during the period. Jane Street Group LLC purchased a new position in Tredegar in the 1st quarter worth $144,000. Geode Capital Management LLC lifted its position in Tredegar by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock worth $5,187,000 after acquiring an additional 1,506 shares during the period. Rhumbline Advisers lifted its position in Tredegar by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 2,021 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in Tredegar by 1.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,893,407 shares of the basic materials company’s stock valued at $51,862,000 after purchasing an additional 107,627 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

About Tredegar

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.