William Gottwald Sells 3,419 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 3,419 shares of Tredegar stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $8.87, for a total transaction of $30,326.53. Following the completion of the transaction, the insider directly owned 583,968 shares of the company’s stock, valued at approximately $5,179,796.16. This represents a 0.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Shares of NYSE:TG opened at $8.81 on Friday. The company’s fifty day moving average is $8.15 and its two-hundred day moving average is $7.86. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43. The stock has a market capitalization of $307.39 million, a price-to-earnings ratio of -5.57 and a beta of 0.65.

Analyst Upgrades and Downgrades

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

Institutional Trading of Tredegar

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position 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 acquiring an additional 2,841 shares during the period. Torren Management LLC bought a new stake in shares of Tredegar during the fourth quarter valued at about $32,000. BNP Paribas Financial Markets lifted its holdings in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 1,830 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 4,771 shares during the period. Finally, Heron Bay Capital Management bought a new position in Tredegar in the 4th quarter valued at about $76,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

About Tredegar

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.