Key Points
- Major shareholder James Gottwald sold 28,787 shares of Tredegar on Feb. 25 at an average price of $8.99 for about $258,795, trimming his position by 5.05% to 541,446 shares (disclosed in an SEC filing).
- Tredegar (NYSE:TG) opened at $9.04, trading near its 52-week high of $9.43 with a market cap of $315.6M and a negative P/E of -5.72; its 50-day and 200-day moving averages are $8.26 and $7.88, respectively.
- Analyst and ownership context: the consensus rating is currently "Sell" despite a recent Wall Street Zen upgrade to "strong-buy," and institutional/hedge funds own 79.24% of the company—Millennium Management added 171,729 shares in Q4.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 8,250 shares of Tredegar stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $8.83, for a total transaction of $72,847.50. Following the sale, the insider directly owned 570,233 shares in the company, valued at approximately $5,035,157.39. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Tredegar Stock Down 0.7%
Shares of NYSE TG opened at $8.96 on Friday. The firm has a 50-day simple moving average of $8.26 and a 200-day simple moving average of $7.88. The stock has a market capitalization of $312.80 million, a price-to-earnings ratio of -5.67 and a beta of 0.65. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $9.43.
Tredegar News Summary
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.
Institutional Investors Weigh In On Tredegar
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL raised its position in Tredegar by 5.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company's stock valued at $45,253,000 after purchasing an additional 311,833 shares during the period. Vanguard Group Inc. increased its position in shares of Tredegar by 8.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company's stock worth $12,148,000 after purchasing an additional 117,298 shares during the last quarter. Gabelli Funds LLC raised its holdings in Tredegar by 3.9% in the 4th quarter. Gabelli Funds LLC now owns 1,214,000 shares of the basic materials company's stock valued at $8,717,000 after buying an additional 45,452 shares during the period. Geode Capital Management LLC lifted its position 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 buying an additional 21,320 shares during the last quarter. Finally, State Street Corp boosted its stake in Tredegar by 1.9% during the fourth quarter. State Street Corp now owns 610,289 shares of the basic materials company's stock worth $4,382,000 after buying an additional 11,205 shares during the period. Institutional investors and hedge funds own 79.24% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Weiss Ratings restated 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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, Tredegar has a consensus rating of "Sell".
View Our Latest Research Report on Tredegar
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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