William Gottwald Sells 12,007 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 12,007 shares of Tredegar stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $8.99, for a total value of $107,942.93. Following the sale, the insider directly owned 529,438 shares in the company, valued at approximately $4,759,647.62. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Shares of TG opened at $9.29 on Wednesday. Tredegar Corporation has a one year low of $6.25 and a one year high of $9.66. The stock has a 50-day moving average price of $8.37 and a 200 day moving average price of $7.93. The company has a market capitalization of $324.31 million, a P/E ratio of -5.88 and a beta of 0.63.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Tredegar

Institutional investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL raised its holdings in shares of Tredegar by 5.2% during the fourth 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 Tredegar by 8.4% during the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after acquiring an additional 117,298 shares during the period. Gabelli Funds LLC lifted its holdings 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 acquiring an additional 45,452 shares during 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 valued at $4,611,000 after acquiring an additional 21,320 shares during the period. Finally, 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 acquiring an additional 11,205 shares during the period. Institutional investors own 79.24% of the company’s stock.

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.