Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 19,408 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 19,408 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $9.13, for a total transaction of $177,195.04. Following the sale, the insider owned 621,584 shares of the company’s stock, valued at $5,675,061.92. This represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Tredegar stock traded up $0.08 during midday trading on Thursday, hitting $9.12. 75,099 shares of the company’s stock were exchanged, compared to its average volume of 172,850. The stock has a market cap of $318.38 million, a price-to-earnings ratio of -5.77 and a beta of 0.65. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $9.43. The firm’s 50 day simple moving average is $7.99 and its 200 day simple moving average is $7.85.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Tredegar

Hedge funds have recently bought and sold shares of the stock. Gate City Capital Management LLC boosted its stake in shares of Tredegar by 113.5% during the 2nd quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company’s stock worth $2,289,000 after purchasing an additional 138,278 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Tredegar by 1.9% during the second 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 buying an additional 107,627 shares during the period. Bailard Inc. acquired a new stake in Tredegar during the second quarter worth approximately $272,000. HB Wealth Management LLC purchased a new stake in Tredegar in the 3rd quarter worth approximately $720,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Tredegar in the 2nd quarter worth approximately $413,000. 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.