KBC Group NV continued to hold its stake in shares of Tredegar Corporation (NYSE:TG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,556 shares of the basic materials company’s stock at the end of the second quarter. KBC Group NV’s holdings in Tredegar Corporation were worth $146,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in Tredegar Corporation by 56.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,141 shares of the basic materials company’s stock valued at $139,000 after buying an additional 3,286 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Tredegar Corporation by 85.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,720 shares of the basic materials company’s stock valued at $164,000 after buying an additional 4,950 shares during the last quarter. Arizona State Retirement System lifted its stake in Tredegar Corporation by 0.8% in the second quarter. Arizona State Retirement System now owns 13,284 shares of the basic materials company’s stock valued at $203,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund lifted its stake in Tredegar Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 18,570 shares of the basic materials company’s stock valued at $283,000 after buying an additional 193 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Tredegar Corporation by 10.1% in the second quarter. Great West Life Assurance Co. Can now owns 37,646 shares of the basic materials company’s stock valued at $572,000 after buying an additional 3,450 shares during the last quarter. Hedge funds and other institutional investors own 62.67% of the company’s stock.

Shares of Tredegar Corporation (TG) opened at 16.05 on Tuesday. The company has a market capitalization of $529.01 million, a PE ratio of 8.57 and a beta of 1.74. Tredegar Corporation has a 1-year low of $14.65 and a 1-year high of $25.60. The firm has a 50-day moving average price of $16.24 and a 200-day moving average price of $16.45.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, September 14th. Tredegar Corporation’s dividend payout ratio (DPR) is 23.53%.

A number of equities research analysts have issued reports on the company. BidaskClub upgraded Tredegar Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. TheStreet upgraded Tredegar Corporation from a “c+” rating to a “b-” rating in a research note on Friday, August 25th.

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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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Institutional Ownership by Quarter for Tredegar Corporation (NYSE:TG)

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