Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 8,250 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 8,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $8.83, for a total value of $72,847.50. Following the completion of the transaction, the insider directly owned 570,233 shares of the company’s stock, valued at $5,035,157.39. The trade was a 1.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

NYSE:TG opened at $8.96 on Friday. The firm has a market cap of $312.80 million, a price-to-earnings ratio of -5.67 and a beta of 0.65. The company has a 50 day moving average price of $8.26 and a 200-day moving average price of $7.88. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43.

Tredegar News Summary

Here are the key news stories impacting Tredegar this week:

• Positive Sentiment: Hedge funds and institutions have been buyers recently — Millennium Management notably increased its stake to ~195,704 shares (a large qtrly inflow) and several other funds established new positions, signaling renewed institutional interest in Tredegar’s turnaround potential. Read More.
• Positive Sentiment: At least one independent research provider upgraded TG from “hold” to “strong-buy,” which can attract momentum investors and support the share price. Read More.
• Neutral Sentiment: Operational/segment note — Bonnell Aluminum (Tredegar’s aluminum-extrusions business) announced a new VP of Sales & Marketing; this is not material by itself but fits into the company’s push to stabilize and grow its Manufactured Products segment. Read More.
• Neutral Sentiment: Balance of analyst views remains mixed (one upgrade but other sell ratings persist) and institutional ownership is high (~79%), which can amplify moves but also indicates most shares are already held by large players. Read More.
• Negative Sentiment: Major shareholders James T. Gottwald and William M. Gottwald disclosed multiple sales on Feb. 24–25 (each sold ~8.25k and ~28.8k shares across those days), reducing their reported holdings and triggering investor concern about insider conviction. These SEC-filed sales are the primary near-term negative catalyst. Read More.
• Negative Sentiment: Coverage flagged by other outlets describes the activity as a coordinated unloading by insiders, which can weigh on sentiment even if sales are for liquidity rather than lack of confidence. Read More.

Analyst Upgrades and Downgrades

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

Institutional Trading of Tredegar

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in Tredegar by 31.4% in the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock valued at $132,000 after buying an additional 4,097 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Tredegar during the first quarter valued at approximately $144,000. Geode Capital Management LLC raised its holdings in shares of Tredegar by 0.3% during the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after acquiring an additional 1,506 shares during the last quarter. Bailard Inc. purchased a new position in shares of Tredegar in the second quarter valued at approximately $272,000. Finally, Rhumbline Advisers boosted its stake in shares of Tredegar by 4.8% in the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 2,021 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.