Tredegar (NYSE:TG) Lowered to "Hold" Rating by StockNews.com
Tredegar (NYSE:TG) has been downgraded from a "buy" to a "hold" rating by StockNews.com. The stock fell 4.6% to $7.26 during midday trading. Tredegar reported earnings of $0.06 per share with revenue of $154.05 million for the last quarter. Institutional investors hold 79.24% of the company's stock, with significant increases in stakes from firms like Gamco Investors and Bank of America. Tredegar manufactures aluminum extrusions and various films, operating in multiple segments.
Tredegar (NYSE:TG - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday.
Tredegar Trading Down 4.6 %
- 3 Stocks Near 52-Week Lows Ready for a Rebound
Shares of TG traded down $0.35 during midday trading on Thursday, hitting $7.26. The stock had a trading volume of 81,087 shares, compared to its average volume of 86,346. Tredegar has a 1 year low of $3.98 and a 1 year high of $9.22. The firm has a market cap of $249.50 million, a PE ratio of -9.19 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The stock's 50 day moving average is $7.73 and its 200 day moving average is $7.44.
Tredegar (NYSE:TG - Get Free Report) last announced 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 for the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.
Institutional Inflows and Outflows
- 3 Retail Giants React to Tariffs—What It Means for Consumers
Several institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its stake in Tredegar by 10.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 5,623,809 shares of the basic materials company's stock worth $43,191,000 after buying an additional 513,415 shares during the period. Bank of America Corp DE increased 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 buying an additional 2,528,530 shares during the period. Minerva Advisors LLC increased its stake in Tredegar by 3.4% in the 3rd quarter. Minerva Advisors LLC now owns 1,663,107 shares of the basic materials company's stock worth $12,124,000 after buying an additional 55,357 shares during the period. Dimensional Fund Advisors LP increased its stake in Tredegar by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the basic materials company's stock worth $8,520,000 after buying an additional 3,403 shares during the period. Finally, Gabelli Funds LLC increased its stake in Tredegar by 13.2% in the 4th 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 period. Hedge funds and other institutional investors own 79.24% of the company's stock.
About Tredegar
(Get Free Report)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.
Read More
- Five stocks we like better than Tredegar
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- 3 Undervalued Stocks You Can Buy at a Discount Now
- Low PE Growth Stocks: Unlocking Investment Opportunities
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- Dividend Capture Strategy: What You Need to Know
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
- Costco Price Plunge Equals Opportunity for Investors
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Tredegar Right Now?
Before you consider Tredegar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tredegar wasn't on the list.
While Tredegar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
