Key Points
- Major shareholder James Gottwald sold 4,461 Tredegar (NYSE:TG) shares on Feb. 23 at an average price of $8.80 for total proceeds of $39,256.80, leaving him with 578,483 shares (a 0.77% reduction, valued at about $5.09M).
- Tredegar opened at $8.82 with a market cap of $307.91M, 50‑day/200‑day SMAs of $8.20/$7.86, a 1‑year range of $6.25–$9.43, and a negative P/E of -5.58.
- Analyst coverage is mixed — including a recent upgrade to "strong-buy" from Wall Street Zen and a "sell (d-)" from Weiss — and institutional investors own roughly 79.24% of the shares.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder James Gottwald sold 4,461 shares of the company's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $8.80, for a total transaction of $39,256.80. Following the sale, the insider directly owned 578,483 shares of the company's stock, valued at approximately $5,090,650.40. This represents a 0.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Tredegar Price Performance
TG opened at $8.82 on Wednesday. The firm has a market capitalization of $307.91 million, a price-to-earnings ratio of -5.58 and a beta of 0.65. The company's 50 day simple moving average is $8.20 and its two-hundred day simple moving average is $7.86. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43.
Wall Street Analysts Forecast Growth
TG has been the subject of several analyst reports. Wall Street Zen upgraded 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 report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".
View Our Latest Research Report on Tredegar
Institutional Investors Weigh In On Tredegar
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Tredegar by 531.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 2,841 shares during the last quarter. Torren Management LLC purchased a new stake in Tredegar in the 4th quarter valued at about $32,000. BNP Paribas Financial Markets lifted its position in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company's stock valued at $42,000 after buying an additional 1,830 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Tredegar by 225.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company's stock worth $61,000 after buying an additional 4,771 shares during the period. Finally, Heron Bay Capital Management acquired a new stake in shares of Tredegar during the fourth quarter valued at about $76,000. Hedge funds and other institutional investors own 79.24% of the company's stock.
About Tredegar
(
Get Free Report)
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.
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