Bank of Montreal Can Takes Position in Tredegar Co. (NYSE:TG)

Bank of Montreal Can purchased a new position in Tredegar Co. (NYSE:TG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 142,933 shares of the basic materials company’s stock, valued at approximately $685,000. Bank of Montreal Can owned 0.41% of Tredegar at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. HB Wealth Management LLC lifted its position in shares of Tredegar by 29.8% in the first quarter. HB Wealth Management LLC now owns 30,005 shares of the basic materials company’s stock valued at $196,000 after acquiring an additional 6,888 shares in the last quarter. Heritage Wealth Advisors boosted its stake in Tredegar by 8,309.6% during the 1st quarter. Heritage Wealth Advisors now owns 20,183 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 19,943 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Tredegar in the first quarter valued at about $128,000. Vanguard Group Inc. lifted its stake in shares of Tredegar by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,369,270 shares of the basic materials company’s stock worth $8,928,000 after buying an additional 9,674 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Tredegar by 2.8% during the first quarter. Acadian Asset Management LLC now owns 180,588 shares of the basic materials company’s stock worth $1,176,000 after acquiring an additional 4,864 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Trading Up 1.2 %

TG stock opened at $7.23 on Wednesday. The firm has a 50-day moving average of $6.21 and a two-hundred day moving average of $5.90. Tredegar Co. has a 12 month low of $3.98 and a 12 month high of $7.45. The company has a current ratio of 0.78, a quick ratio of 0.41 and a debt-to-equity ratio of 0.13.

Tredegar (NYSE:TG) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $190.56 million during the quarter. Tredegar had a positive return on equity of 6.82% and a negative net margin of 10.56%.

Tredegar Profile

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.