Tredegar Co. (NYSE:TG – Get Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Friday, September 16th will be given a dividend of 0.13 per share by the basic materials company on Saturday, October 1st. This represents a $0.52 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Thursday, September 15th. This is an increase from Tredegar’s previous quarterly dividend of $0.12.
Tredegar Stock Up 1.0 %
Shares of NYSE TG traded up $0.10 during trading hours on Friday, hitting $10.35. The company had a trading volume of 74,606 shares, compared to its average volume of 103,271. The stock has a market capitalization of $350.35 million, a P/E ratio of 5.34 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. Tredegar has a 1-year low of $9.69 and a 1-year high of $13.47. The firm’s 50 day moving average is $10.72 and its 200-day moving average is $11.42.
Tredegar (NYSE:TG – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter. The business had revenue of $236.30 million during the quarter. Tredegar had a return on equity of 27.02% and a net margin of 7.36%.
Analyst Ratings Changes
Institutional Investors Weigh In On Tredegar
A number of hedge funds have recently added to or reduced their stakes in TG. Captrust Financial Advisors increased its holdings in Tredegar by 111.0% in the first quarter. Captrust Financial Advisors now owns 3,977 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 2,092 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Tredegar by 64.1% during the first quarter. MetLife Investment Management LLC now owns 12,857 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 5,022 shares in the last quarter. Zebra Capital Management LLC bought a new stake in shares of Tredegar during the first quarter valued at approximately $165,000. Guggenheim Capital LLC increased its holdings in shares of Tredegar by 43.0% during the first quarter. Guggenheim Capital LLC now owns 20,203 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 6,072 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Tredegar by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,108 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 2,726 shares in the last quarter. 61.58% of the stock is currently owned by institutional investors.
Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, polyethylene (PE) films, and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft-alloy and medium-strength custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and fabricated aluminum extrusions to fabricators and distributors.
- Get a free copy of the StockNews.com research report on Tredegar (TG)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for Tredegar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tredegar and related companies with MarketBeat.com's FREE daily email newsletter.