Tredegar (NYSE:TG) Major Shareholder James Gottwald Sells 8,251 Shares

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 8,251 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $8.83, for a total transaction of $72,856.33. Following the completion of the sale, the insider directly owned 570,233 shares in the company, valued at approximately $5,035,157.39. This represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 0.7%

Shares of NYSE TG opened at $8.96 on Friday. The firm has a fifty day simple moving average of $8.26 and a 200 day simple moving average of $7.88. The company has a market capitalization of $312.80 million, a PE ratio of -5.67 and a beta of 0.65. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $9.43.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Tredegar

A number of large investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted 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 in the last quarter. Vanguard Group Inc. lifted its position in Tredegar by 8.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after buying an additional 117,298 shares during the last quarter. Gabelli Funds LLC boosted its stake in Tredegar by 3.9% in the fourth quarter. Gabelli Funds LLC now owns 1,214,000 shares of the basic materials company’s stock worth $8,717,000 after buying an additional 45,452 shares in the last quarter. Geode Capital Management LLC boosted its stake in Tredegar by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock worth $4,611,000 after buying an additional 21,320 shares in the last quarter. Finally, State Street Corp grew its position in Tredegar by 1.9% during the fourth 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 last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar News Roundup

Here are the key news stories impacting Tredegar this week:

• Positive Sentiment: Hedge funds and institutions have been buyers recently — Millennium Management notably increased its stake to ~195,704 shares (a large qtrly inflow) and several other funds established new positions, signaling renewed institutional interest in Tredegar’s turnaround potential. Read More.
• Positive Sentiment: At least one independent research provider upgraded TG from “hold” to “strong-buy,” which can attract momentum investors and support the share price. Read More.
• Neutral Sentiment: Operational/segment note — Bonnell Aluminum (Tredegar’s aluminum-extrusions business) announced a new VP of Sales & Marketing; this is not material by itself but fits into the company’s push to stabilize and grow its Manufactured Products segment. Read More.
• Neutral Sentiment: Balance of analyst views remains mixed (one upgrade but other sell ratings persist) and institutional ownership is high (~79%), which can amplify moves but also indicates most shares are already held by large players. Read More.
• Negative Sentiment: Major shareholders James T. Gottwald and William M. Gottwald disclosed multiple sales on Feb. 24–25 (each sold ~8.25k and ~28.8k shares across those days), reducing their reported holdings and triggering investor concern about insider conviction. These SEC-filed sales are the primary near-term negative catalyst. Read More.
• Negative Sentiment: Coverage flagged by other outlets describes the activity as a coordinated unloading by insiders, which can weigh on sentiment even if sales are for liquidity rather than lack of confidence. Read More.

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.