James Gottwald Sells 4,461 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 4,461 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $8.80, for a total value of $39,256.80. Following the sale, the insider directly owned 578,483 shares of the company’s stock, valued at $5,090,650.40. This represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Trading Up 1.0%

TG stock traded up $0.09 during trading hours on Tuesday, hitting $8.87. 33,386 shares of the stock were exchanged, compared to its average volume of 162,442. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $9.43. The company has a 50-day simple moving average of $8.18 and a two-hundred day simple moving average of $7.86. The firm has a market capitalization of $309.66 million, a P/E ratio of -5.62 and a beta of 0.65.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Tredegar

Hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its holdings in shares of Tredegar by 5.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock worth $45,253,000 after purchasing an additional 311,833 shares during the period. Vanguard Group Inc. raised its stake in shares of Tredegar by 8.4% in the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock valued at $12,148,000 after buying an additional 117,298 shares during the period. Gabelli Funds LLC lifted its position in shares of Tredegar by 3.9% during the 4th quarter. Gabelli Funds LLC now owns 1,214,000 shares of the basic materials company’s stock valued at $8,717,000 after buying an additional 45,452 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Tredegar by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock worth $4,611,000 after acquiring an additional 21,320 shares during the period. Finally, State Street Corp raised its stake in Tredegar by 1.9% in the 4th quarter. State Street Corp now owns 610,289 shares of the basic materials company’s stock valued at $4,382,000 after acquiring an additional 11,205 shares during the period. 79.24% of the stock is currently owned by institutional investors.

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.