Tredegar Corp. major shareholder Floyd D. Gottwald, Jr. Acquires 2,611 Shares (TG)
Tredegar Corp. (NYSE:TG) major shareholder Floyd D. Gottwald, Jr. purchased 2,611 shares of the company’s stock on the open market in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $20.75 per share, with a total value of $54,178.25. Following the completion of the acquisition, the insider now directly owns 2,271,191 shares in the company, valued at approximately $47,127,213. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Tredegar Corp. (NYSE:TG) traded up 3.14% during mid-day trading on Thursday, hitting $21.66. 48,830 shares of the company’s stock traded hands. Tredegar Corp. has a 52 week low of $19.20 and a 52 week high of $31.23. The stock’s 50-day moving average is $20.93 and its 200-day moving average is $23.89. The company has a market cap of $698.4 million and a P/E ratio of 26.18.
Tredegar Corp. (NYSE:TG) last announced its earnings results on Wednesday, April 30th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $235.21 million for the quarter, compared to the consensus estimate of $241.53 million.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Wednesday, June 11th. This is a positive change from Tredegar Corp.’s previous quarterly dividend of $0.07.
Tredegar Corporation (NYSE:TG) is primarily engaged, through its subsidiaries, in the manufacture of plastic films and aluminum extrusions.
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