Tredegar (NYSE:TG) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Tredegar Corporation (NYSE:TG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.96 and traded as high as $8.32. Tredegar shares last traded at $8.1990, with a volume of 136,795 shares.

Wall Street Analyst Weigh In

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

Tredegar Price Performance

The company has a market cap of $285.00 million, a price-to-earnings ratio of 8.54 and a beta of 0.69. The company’s 50-day simple moving average is $8.53 and its 200-day simple moving average is $7.96.

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

Insiders Place Their Bets

In other Tredegar news, major shareholder William M. Gottwald sold 54,269 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $8.70, for a total value of $472,140.30. Following the completion of the transaction, the insider directly owned 665,815 shares of the company’s stock, valued at $5,792,590.50. This represents a 7.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder John D. Gottwald sold 54,268 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $8.70, for a total value of $472,131.60. Following the sale, the insider owned 665,816 shares of the company’s stock, valued at $5,792,599.20. This represents a 7.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 390,991 shares of company stock worth $3,451,532 in the last quarter. 5.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings 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 worth $27,000 after purchasing an additional 2,841 shares during the last quarter. Torren Management LLC acquired a new position in shares of Tredegar in the 4th quarter valued at approximately $32,000. BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 1,830 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 buying an additional 4,771 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of Tredegar during the fourth quarter worth approximately $76,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Company Profile

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.