Thrivent Financial for Lutherans increased its position in Tredegar Co. (NYSE:TG) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,683 shares of the basic materials company’s stock after purchasing an additional 1,032 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Tredegar worth $323,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. bought a new position in Tredegar in the 1st quarter valued at about $60,000. Victory Capital Management Inc. increased its holdings in Tredegar by 28.0% during the 4th quarter. Victory Capital Management Inc. now owns 6,047 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 1,324 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Tredegar by 27.3% in the fourth quarter. Meeder Asset Management Inc. now owns 8,196 shares of the basic materials company’s stock worth $183,000 after purchasing an additional 1,758 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Tredegar by 69.3% in the first quarter. SG Americas Securities LLC now owns 9,265 shares of the basic materials company’s stock valued at $145,000 after purchasing an additional 3,791 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Tredegar during the first quarter valued at approximately $160,000. 64.54% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:TG opened at $15.15 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $15.35 and its two-hundred day simple moving average is $17.68. Tredegar Co. has a 1-year low of $11.31 and a 1-year high of $23.48. The stock has a market cap of $491.27 million, a PE ratio of 79.74 and a beta of 0.98.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 19th will be paid a $0.12 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.48 annualized dividend and a yield of 3.17%.
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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