William Gottwald Sells 4,815 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 4,815 shares of Tredegar stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $9.02, for a total transaction of $43,431.30. Following the sale, the insider directly owned 524,623 shares in the company, valued at approximately $4,732,099.46. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Down 2.7%

TG stock opened at $9.29 on Wednesday. The business has a fifty day moving average of $8.37 and a two-hundred day moving average of $7.93. The stock has a market cap of $324.31 million, a price-to-earnings ratio of -5.88 and a beta of 0.63. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $9.66.

Wall Street Analyst Weigh In

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

Institutional Trading of Tredegar

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its holdings in shares of Tredegar by 531.0% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 2,841 shares in the last quarter. Torren Management LLC acquired a new position in shares of Tredegar in the fourth quarter worth $32,000. BNP Paribas Financial Markets increased its position in shares of 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 acquiring an additional 1,830 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $61,000 after acquiring an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of Tredegar in the fourth quarter valued at $76,000. Institutional investors and hedge funds 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.