TG · Tredegar Corporation — research history
Complete research history. Every dossier, draft, kill, publish, and lesson the system has produced on TG. Public so users can audit, AI can re-reference. Live price refreshes every 60s.
About TG · Tredegar Corporation
Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, and polyethylene and polypropylene plastic films in the United States and internationally. It operates through Aluminum Extrusions and High performance films segments. The Aluminum Extrusions segment produces soft and medium strength alloyed, custom fabricated, and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durable goods, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, machined, anodized and painted and thermally improved aluminum extrusions to fabricators and distributors. This segment also manufactures and sells products, such as flooring trims under the Futura Transitions brand name; and structural aluminum framing systems under the TSLOTS brand name. The High performance films segment produces surface protection films used for protecting components of flat panel and flexible displays that are used in televisions, monitors, notebooks, smart phones, tablets, e-readers, electronic shelf labels, and automobiles under the UltraMask, ForceField, ForceField PEARL, Pearl A, and Obsidian brands. This segment provides adcanved packaging films for bathroom tissue and paper towels and films for other markets. The company was incorporated in 1988 and is headquartered in Richmond, Virginia.
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HOLD (score -2) · 12-1 mom -10.2% · RSI 49 · below_both · -22.5% from high
Targets blend Wall Street consensus (? analysts: low — / mean — / high —) with chart-derived floors and ceilings.
1-Year Chart · RSI · MACD
Research Timeline
Newest first. Each entry shows what stage produced it, the verdict/decision, and the reasoning.
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Material insider selling, broken technicals, and a value-trap valuation profile override any cheap multiples; the dossier presents a clear bearish setup with poor liquidity that does not support a viable trade structure.
Three Gottwald family members (William M., James T., and John D.) filed Form 4s in the last 14 days — but every transaction was a SALE (code=S), not a purchase. The controlling family collectively sold ~$295K of stock over two selling episodes on June 9-10 ($8-$8.135 range, ~36k shares total) and a smaller tranche June 4-5 (~3.7k shares at $7.76-$8). This is the exact opposite signal from what triggered this investigation. Q1 FY2026 results (May 8) showed strong revenue growth (+13% YoY to $186.5M) driven by Bonnell Aluminum pricing gains, but High Performance Films remains under pressure from tariff costs and soft demand. The stock is down ~15% YTD, trading below both the 50DMA ($8.60) and 200DMA ($8.12), with bearish put-bias in options flow.
The investigation found an interesting CEO open-market purchase (1,000 shares at $7.55 on 05/21/2026) but it is overwhelmed by sustained, multi-person selling from the controlling Gottwald family (10%+ owners/directors William M. and John D.) who have collectively sold approximately 39,700+ shares totaling ~$324K across May-June 2026 at prices ranging $7.77-$8.35. The stock is deeply depressed (~25% below its early-May high of $10.35) on tariff pressures, softening demand in High Performance Films, and cyclical end-market weakness — yet the Gottwalds are reducing rather than accumulating. Forward P/E of ~7x is not dramatically cheap for a small-cap industrial facing margin pressure. No clear catalyst exists beyond August earnings (08/07). Options market is essentially non-functional (July 17 expiry has only one call strike with OI=9, no puts available), precluding income strategies.
{"symbol":"TG","company":"Tredegar Corporation","investigation_summary":"The investigation trigger was met (3 Form 4 filings in 14 days), but all recent insider transactions are either small RSU vestings under code A or Gottwald family selling out of long-standing trust positions — there is zero open-market P-code buying from officers or directors. Tredegar posted Q1 2026 revenue of $186.5M (+13%
Three Form 4 filings were indeed filed May 18, but all three (William M. Gottwald, John D. Gottwald, James T. Gottwald) show SELLING transactions (code S), not purchases — approximately $199K in aggregate sales at prices from $8.00-$8.40 vs current price of $7.50. The investigation trigger's 'P/S trade verified' language is misleading here: the Form 4 cluster reflects coordinated selling by the controlling Gottwald family, not buying. Separately, a Director (David Parks) made a small open-market purchase of $14K at $8.21 in April and a Corporate Controller received restricted stock (not open-market). The broader picture shows a financially stressed aluminum extrusions and films manufacturer with high customer concentration (HP Films: top 4 customers = 88% of segment revenue), modest FCF, and elevated debt-to-equity, now trading near the bottom of its 52-week range after declining ~28% from April highs.
Tredegar Corporation operates two industrial segments: Aluminum Extrusions (Bonnell Aluminum, ~86% of revenue) and High Performance Films (~14%). The investigation was triggered by a cluster of 3+ Form 4 filings in the past 14 days — but parsing those filings reveals that ALL significant transactions were SALES by the Gottwald controlling family (William M., John D., and James T. Gottwald each sold ~25,355 shares at $8.617 on 05/12/2026 and ~4,866 shares at $8.305 on 05/13/2026), totaling approximately $782K in coordinated selling. The 'purchases' that triggered the alert were director equity grants (code A) at a fixed $8.21 exercise price — standard compensation with no discretionary conviction signal from management below market. The Q1 2026 earnings showed strong Y/Y EPS growth, but the stock dropped ~20% post-report despite this, suggesting investor skepticism or guidance concerns. Valuation is cheap on an absolute basis (forward P/E ~7.3x, EV/EBITDA ~5.6x), yet no mispricing catalyst is apparent given tariff headwinds in aluminum extrusions and severe customer concentration risk in the films segment.