Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 4,814 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,814 shares of Tredegar stock in a transaction dated 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 approximately $4,732,108.48. The trade was a 0.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Up 4.2%

NYSE TG opened at $9.57 on Tuesday. The stock has a market capitalization of $334.09 million, a P/E ratio of -6.06 and a beta of 0.63. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $9.66. The firm has a 50-day moving average price of $8.33 and a 200 day moving average price of $7.91.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Tredegar

A number of institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in Tredegar by 31.4% during the first quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 4,097 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Tredegar in the first quarter valued at $144,000. Geode Capital Management LLC increased its position in shares of Tredegar by 0.3% in the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after buying an additional 1,506 shares in the last quarter. Bailard Inc. acquired a new position in shares of Tredegar during the 2nd quarter worth $272,000. Finally, Rhumbline Advisers boosted its position in shares of Tredegar by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after buying an additional 2,021 shares in the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

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.