TheStreet upgraded shares of Tredegar Corporation (NYSE:TG) from a c+ rating to a b- rating in a report published on Friday morning.

Separately, BidaskClub raised Tredegar Corporation from a strong sell rating to a sell rating in a report on Saturday, August 5th.

Tredegar Corporation (TG) opened at 16.40 on Friday. The company has a 50 day moving average of $15.95 and a 200 day moving average of $16.96. The stock has a market capitalization of $540.54 million, a price-to-earnings ratio of 8.76 and a beta of 1.77. Tredegar Corporation has a 12 month low of $14.65 and a 12 month high of $25.60.

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The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, September 14th. Tredegar Corporation’s dividend payout ratio (DPR) is 23.53%.

Several hedge funds have recently made changes to their positions in TG. Gamco Investors INC. ET AL increased its stake in shares of Tredegar Corporation by 6.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,851,213 shares of the basic materials company’s stock valued at $73,981,000 after buying an additional 286,897 shares during the period. Vanguard Group Inc. increased its stake in shares of Tredegar Corporation by 7.3% in the second quarter. Vanguard Group Inc. now owns 2,622,458 shares of the basic materials company’s stock valued at $39,992,000 after buying an additional 177,637 shares during the period. State Street Corp increased its stake in shares of Tredegar Corporation by 2.4% in the second quarter. State Street Corp now owns 593,069 shares of the basic materials company’s stock valued at $9,041,000 after buying an additional 14,011 shares during the period. Teton Advisors Inc. increased its stake in shares of Tredegar Corporation by 32.8% in the second quarter. Teton Advisors Inc. now owns 507,600 shares of the basic materials company’s stock valued at $7,741,000 after buying an additional 125,340 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Tredegar Corporation by 6.7% in the second quarter. Northern Trust Corp now owns 353,174 shares of the basic materials company’s stock valued at $5,386,000 after buying an additional 22,028 shares during the period. 62.67% of the stock is currently owned by institutional investors and hedge funds.

About Tredegar Corporation

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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