Tredegar Corporation (TG) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in Tredegar Corporation (NYSE:TG) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,802 shares of the basic materials company’s stock after buying an additional 5,606 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Tredegar were worth $1,941,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Tredegar by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,622,458 shares of the basic materials company’s stock worth $39,992,000 after purchasing an additional 177,637 shares during the last quarter. State Street Corp increased its stake in shares of Tredegar by 2.4% during the 2nd quarter. State Street Corp now owns 593,069 shares of the basic materials company’s stock worth $9,041,000 after purchasing an additional 14,011 shares during the last quarter. Northern Trust Corp increased its stake in shares of Tredegar by 6.7% during the 2nd quarter. Northern Trust Corp now owns 353,174 shares of the basic materials company’s stock worth $5,386,000 after purchasing an additional 22,028 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Tredegar by 13.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 166,051 shares of the basic materials company’s stock worth $2,990,000 after purchasing an additional 19,418 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Tredegar by 3.1% during the 3rd quarter. New York State Teachers Retirement System now owns 87,221 shares of the basic materials company’s stock worth $1,570,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors own 62.62% of the company’s stock.

Tredegar Corporation (NYSE TG) opened at $19.50 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.88. The company has a market cap of $645.68, a price-to-earnings ratio of 11.14 and a beta of 1.76. Tredegar Corporation has a 12 month low of $14.65 and a 12 month high of $24.00.

Tredegar (NYSE:TG) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.28 EPS for the quarter. The business had revenue of $247.16 million for the quarter. Tredegar had a net margin of 6.06% and a return on equity of 7.96%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Thursday, December 14th. Tredegar’s dividend payout ratio is presently 25.14%.

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Tredegar Company Profile

Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.

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Institutional Ownership by Quarter for Tredegar (NYSE:TG)

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