William Gottwald Sells 24,823 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 24,823 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $8.52, for a total value of $211,491.96. Following the completion of the sale, the insider directly owned 640,992 shares of the company’s stock, valued at $5,461,251.84. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Shares of TG opened at $8.71 on Wednesday. The company has a market capitalization of $304.07 million, a price-to-earnings ratio of -5.51 and a beta of 0.67. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $9.43. The firm has a 50-day simple moving average of $7.76 and a 200-day simple moving average of $7.84.

Tredegar (NYSE:TG) last issued its quarterly earnings results on Friday, November 7th. The basic materials company reported $0.26 earnings per share for the quarter. The firm had revenue of $194.94 million during the quarter. Tredegar had a positive return on equity of 8.64% and a negative net margin of 7.75%.

Hedge Funds Weigh In On Tredegar

Several hedge funds and other institutional investors have recently modified their holdings of TG. Gate City Capital Management LLC increased its position in Tredegar by 113.5% during the 2nd quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company’s stock worth $2,289,000 after purchasing an additional 138,278 shares in the last quarter. Teton Advisors LLC acquired a new position in shares of Tredegar during the third quarter worth about $972,000. Vanguard Group Inc. lifted its position in 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 acquiring an additional 117,298 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Tredegar by 1.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,893,407 shares of the basic materials company’s stock worth $51,862,000 after acquiring an additional 107,627 shares during the period. Finally, HB Wealth Management LLC purchased a new stake in shares of Tredegar during the third quarter valued at approximately $720,000. 79.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, January 21st. Wall Street Zen upgraded Tredegar from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

More Tredegar News

Here are the key news stories impacting Tredegar this week:

• Positive Sentiment: High institutional ownership (reported ~79%) means a large, stable shareholder base that can absorb insider selling and limit volatility. TG Insider Trades (MarketBeat)
• Neutral Sentiment: The sellers are long-term, high‑percentage owners reducing positions; such sales are often for diversification, tax or estate planning rather than a signal about near-term operations. The filings do not state a company-specific reason.
• Negative Sentiment: Two rounds of disclosed sales: Jan. 22 blocks (~54,269 shares each by John and William at ~$8.70) and Jan. 23 blocks (~24,823/24,824 shares each at ~$8.52). Together the transactions total roughly $0.6–0.7M per seller and reduced each insider’s stake (reported decreases of ~3.7% and ~7.5% on the cited filings). Insider selling by major holders can be viewed as a negative signal and may put short-term downward pressure on the stock. InsiderTrades alert AmericanBankingNews: William Gottwald Sale

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.