Tredegar (NYSE:TG) Raised to Buy at StockNews.com

Tredegar (NYSE:TG - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report released on Monday.

Tredegar Stock Performance

TG stock traded down $0.07 during midday trading on Monday, reaching $7.84. 14,959 shares of the company's stock traded hands, compared to its average volume of 90,291. Tredegar has a 52 week low of $4.30 and a 52 week high of $9.22. The company has a 50-day moving average price of $7.71 and a two-hundred day moving average price of $7.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79. The firm has a market capitalization of $271.90 million, a PE ratio of -9.92 and a beta of 0.75.

Tredegar (NYSE:TG - Get Free Report) last posted its earnings results on Wednesday, March 12th. The basic materials company reported $0.06 earnings per share for the quarter. The business had revenue of $154.05 million during the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Gamco Investors INC. ET AL increased its position in shares of Tredegar by 10.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 5,623,809 shares of the basic materials company's stock valued at $43,191,000 after acquiring an additional 513,415 shares during the period. Bank of America Corp DE boosted its stake in Tredegar by 691.9% in the 4th quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company's stock worth $22,226,000 after purchasing an additional 2,528,530 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Tredegar by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the basic materials company's stock valued at $8,520,000 after purchasing an additional 3,403 shares in the last quarter. Gabelli Funds LLC raised its holdings in Tredegar by 13.2% in the fourth quarter. Gabelli Funds LLC now owns 1,062,415 shares of the basic materials company's stock worth $8,159,000 after buying an additional 124,115 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Tredegar by 0.3% in the third quarter. State Street Corp now owns 587,254 shares of the basic materials company's stock worth $4,281,000 after buying an additional 1,930 shares in the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

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About Tredegar

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic 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 and medium strength alloyed aluminum extrusions, 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 alloyed aluminum extrusions to fabricators and distributors.