John Gottwald Sells 12,008 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 12,008 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $8.99, for a total transaction of $107,951.92. Following the completion of the sale, the insider owned 529,438 shares of the company’s stock, valued at approximately $4,759,647.62. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

NYSE TG opened at $9.29 on Wednesday. The firm’s fifty day moving average is $8.37 and its two-hundred day moving average is $7.93. Tredegar Corporation has a one year low of $6.25 and a one year high of $9.66. The firm has a market cap of $324.31 million, a PE ratio of -5.88 and a beta of 0.63.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Tredegar by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock worth $5,187,000 after purchasing an additional 1,506 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Tredegar by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,830 shares in the last quarter. Rhumbline Advisers grew its position in Tredegar by 4.8% during the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after buying an additional 2,021 shares during the period. Bailard Inc. increased its holdings in Tredegar by 7.0% in the fourth quarter. Bailard Inc. now owns 36,956 shares of the basic materials company’s stock valued at $265,000 after buying an additional 2,425 shares in the last quarter. Finally, Strs Ohio increased its holdings in Tredegar by 5.5% in the fourth quarter. Strs Ohio now owns 52,000 shares of the basic materials company’s stock valued at $373,000 after buying an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

TG has been the topic of several analyst reports. Wall Street Zen upgraded Tredegar from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tredegar in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.