John Gottwald Sells 22,219 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 22,219 shares of Tredegar stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $9.02, for a total value of $200,415.38. Following the sale, the insider directly owned 599,364 shares of the company’s stock, valued at approximately $5,406,263.28. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

Shares of NYSE TG opened at $8.70 on Friday. The firm has a market cap of $303.72 million, a price-to-earnings ratio of -5.51 and a beta of 0.65. The stock’s fifty day moving average price is $8.04 and its two-hundred day moving average price is $7.85. Tredegar Corporation has a one year low of $6.25 and a one year high of $9.43.

Analyst Upgrades and Downgrades

TG has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Tredegar from a “hold” rating to a “strong-buy” rating in a research 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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of Tredegar in the 4th quarter valued at $1,427,000. Charles Schwab Investment Management Inc. lifted its position in shares of Tredegar by 34.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 598,785 shares of the basic materials company’s stock worth $4,299,000 after buying an additional 154,735 shares during the last quarter. Heron Bay Capital Management acquired a new stake in Tredegar in the fourth quarter valued at about $76,000. State Street Corp boosted its stake in Tredegar by 1.9% in the fourth quarter. State Street Corp now owns 610,289 shares of the basic materials company’s stock valued at $4,382,000 after buying an additional 11,205 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in Tredegar in the fourth quarter valued at about $487,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.