William Gottwald Sells 11,111 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 11,111 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $9.05, for a total transaction of $100,554.55. Following the transaction, the insider directly owned 588,253 shares in the company, valued at approximately $5,323,689.65. This represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 0.0%

TG opened at $8.74 on Thursday. The company has a fifty day moving average price of $8.11 and a two-hundred day moving average price of $7.85. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43. The company has a market cap of $305.22 million, a P/E ratio of -5.53 and a beta of 0.65.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Tredegar

Several institutional investors have recently bought and sold shares of TG. Gate City Capital Management LLC grew its position in Tredegar by 113.5% in 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 in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of 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 worth $51,862,000 after buying an additional 107,627 shares in the last quarter. Bailard Inc. purchased a new position in shares of Tredegar in the 2nd quarter worth approximately $272,000. HB Wealth Management LLC bought a new position in shares of Tredegar in the third quarter valued at approximately $720,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Tredegar during the third quarter valued at approximately $155,000. 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.