Tredegar (TG) Getting Somewhat Positive News Coverage, Study Shows

Headlines about Tredegar (NYSE:TG) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tredegar earned a news impact score of 0.12 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 47.4387024786083 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Separately, TheStreet raised Tredegar from a “c+” rating to a “b-” rating in a research report on Friday, August 25th.

Shares of Tredegar (NYSE:TG) opened at $19.45 on Monday. The company has a market capitalization of $642.37, a PE ratio of 24.01 and a beta of 1.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.88. Tredegar has a 52-week low of $14.65 and a 52-week high of $25.60.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.44 annualized dividend and a dividend yield of 2.26%. Tredegar’s dividend payout ratio is presently 25.14%.

In other Tredegar news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.25, for a total transaction of $27,375.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 38,000 shares of company stock valued at $5,700. 12.59% of the stock is owned by company insiders.

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About Tredegar

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.

Insider Buying and Selling by Quarter for Tredegar (NYSE:TG)

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