Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $43,422.28 in Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,814 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $9.02, for a total transaction of $43,422.28. Following the completion of the sale, the insider directly owned 524,624 shares in the company, valued at $4,732,108.48. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 0.5%

TG stock opened at $9.35 on Thursday. The stock has a 50-day moving average price of $8.41 and a two-hundred day moving average price of $7.94. Tredegar Corporation has a 1 year low of $6.25 and a 1 year high of $9.66. The stock has a market cap of $326.41 million, a PE ratio of -5.92 and a beta of 0.63.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Tredegar

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in Tredegar by 531.0% during the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 2,841 shares during the period. Torren Management LLC acquired a new stake in shares of Tredegar in the fourth quarter valued at approximately $32,000. BNP Paribas Financial Markets lifted its position in shares of Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after buying an additional 1,830 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Tredegar by 225.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 4,771 shares during the period. Finally, Heron Bay Capital Management acquired a new position in shares of Tredegar during the 4th quarter worth approximately $76,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.