Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Tredegar Co. (NYSE:TG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 71,000 shares of the basic materials company’s stock, valued at approximately $1,186,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TG. US Bancorp DE increased its position in Tredegar by 500.0% during the fourth quarter. US Bancorp DE now owns 1,800 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,500 shares during the last quarter. Federated Hermes Inc. increased its position in Tredegar by 74.2% during the third quarter. Federated Hermes Inc. now owns 2,253 shares of the basic materials company’s stock worth $34,000 after buying an additional 960 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Tredegar during the fourth quarter worth approximately $34,000. Pacer Advisors Inc. acquired a new position in Tredegar during the fourth quarter worth approximately $159,000. Finally, Citigroup Inc. increased its position in Tredegar by 61.0% during the fourth quarter. Citigroup Inc. now owns 11,205 shares of the basic materials company’s stock worth $187,000 after buying an additional 4,246 shares during the last quarter. Institutional investors and hedge funds own 64.45% of the company’s stock.
Shares of NYSE TG opened at $15.16 on Wednesday. The business’s 50 day moving average price is $16.05 and its two-hundred day moving average price is $16.31. The company has a market cap of $508.44 million, a PE ratio of -6.37 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.63 and a debt-to-equity ratio of 0.02. Tredegar Co. has a twelve month low of $12.80 and a twelve month high of $23.71.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Friday, March 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Thursday, March 11th.
Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, PE Films, and polyester films in the United States and internationally. It operates through Aluminum Extrusions, PE Films, and Flexible Packaging Films segments. The Aluminum Extrusions segment produces soft-alloy and medium-strength aluminum extrusions primarily for 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.
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