StockNews.com Downgrades Tredegar (NYSE:TG) to Buy

Tredegar (NYSE:TGGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Tredegar Stock Performance

Shares of TG stock opened at $10.26 on Thursday. The stock has a fifty day moving average of $10.79 and a 200 day moving average of $11.44. Tredegar has a 52 week low of $9.69 and a 52 week high of $13.47. The firm has a market capitalization of $347.33 million, a price-to-earnings ratio of 5.29 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 (NYSE:TGGet Rating) last announced its quarterly earnings results on Monday, May 9th. The basic materials company reported $0.50 EPS for the quarter. Tredegar had a return on equity of 27.02% and a net margin of 7.36%. The company had revenue of $236.30 million during the quarter.

Hedge Funds Weigh In On Tredegar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its holdings in shares of Tredegar by 38.5% during the fourth quarter. Lazard Asset Management LLC now owns 3,843 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 1,069 shares in the last quarter. Captrust Financial Advisors increased its holdings in Tredegar by 111.0% in the 1st quarter. Captrust Financial Advisors now owns 3,977 shares of the basic materials company’s stock worth $48,000 after buying an additional 2,092 shares in the last quarter. HM Payson & Co. bought a new stake in Tredegar in the 4th quarter worth about $70,000. Acadian Asset Management LLC increased its holdings in Tredegar by 41.6% in the 4th quarter. Acadian Asset Management LLC now owns 6,821 shares of the basic materials company’s stock worth $79,000 after buying an additional 2,005 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in Tredegar by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 9,793 shares of the basic materials company’s stock worth $117,000 after buying an additional 1,484 shares in the last quarter. Hedge funds and other institutional investors own 61.58% of the company’s stock.

Tredegar Company Profile

(Get Rating)

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.

Featured Stories

Want More Great Investing Ideas?

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.