AMG National Trust Bank Has $811,000 Stake in Tredegar Co. (NYSE:TG)

AMG National Trust Bank boosted its position in Tredegar Co. (NYSE:TG) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,540 shares of the basic materials company’s stock after buying an additional 1,832 shares during the period. AMG National Trust Bank owned approximately 0.12% of Tredegar worth $811,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TG. Investors Research Corp lifted its holdings in Tredegar by 4.7% in the second quarter. Investors Research Corp now owns 13,300 shares of the basic materials company’s stock valued at $221,000 after buying an additional 600 shares during the period. WINTON GROUP Ltd increased its holdings in shares of Tredegar by 37.0% in the second quarter. WINTON GROUP Ltd now owns 47,053 shares of the basic materials company’s stock valued at $782,000 after purchasing an additional 12,715 shares during the period. Manchester Financial Inc. acquired a new position in shares of Tredegar in the second quarter valued at approximately $32,000. Strs Ohio increased its holdings in shares of Tredegar by 2.1% in the second quarter. Strs Ohio now owns 39,600 shares of the basic materials company’s stock valued at $658,000 after purchasing an additional 800 shares during the period. Finally, Bowling Portfolio Management LLC acquired a new position in Tredegar during the second quarter worth $1,356,000. Institutional investors and hedge funds own 64.99% of the company’s stock.

Separately, ValuEngine raised Tredegar from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th.

Shares of TG stock opened at $21.99 on Tuesday. The business’s fifty day moving average price is $19.71 and its 200 day moving average price is $17.69. Tredegar Co. has a 1-year low of $14.85 and a 1-year high of $22.02. The firm has a market capitalization of $687.07 million, a PE ratio of 16.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, December 12th.

Tredegar Company Profile

Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiSoft, AquiDry, and AquiDry Plus brands.

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Institutional Ownership by Quarter for Tredegar (NYSE:TG)

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