William Gottwald Sells 19,409 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 19,409 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $9.13, for a total transaction of $177,204.17. Following the sale, the insider owned 621,583 shares in the company, valued at $5,675,052.79. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

NYSE TG opened at $8.70 on Friday. The firm has a market cap of $303.72 million, a price-to-earnings ratio of -5.51 and a beta of 0.65. The firm has a 50 day simple moving average of $8.04 and a 200-day simple moving average of $7.85. Tredegar Corporation has a one year low of $6.25 and a one year high of $9.43.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen raised Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Tredegar in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Tredegar

Several institutional investors have recently modified their holdings of the company. Gate City Capital Management LLC raised its stake in Tredegar by 113.5% in the second quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company’s stock valued at $2,289,000 after buying an additional 138,278 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Tredegar by 1.9% in 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 acquiring an additional 107,627 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Tredegar during the 2nd quarter worth about $272,000. HB Wealth Management LLC purchased a new stake in Tredegar during the third quarter worth approximately $720,000. Finally, Janney Montgomery Scott LLC acquired a new position in Tredegar in the second quarter valued at approximately $413,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

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.