Tredegar (TG) Stock Forecast, Price & News

Tredegar's stock was trading at $10.22 on January 1st, 2023. Since then, TG shares have decreased by 29.0% and is now trading at $7.26.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our TG earnings forecast.

Tredegar Co. (NYSE:TG) released its quarterly earnings results on Thursday, March, 16th. The basic materials company reported $0.02 earnings per share for the quarter. The basic materials company earned $189.15 million during the quarter. Tredegar had a trailing twelve-month return on equity of 12.13% and a net margin of 1.23%.

Tredegar announced a quarterly dividend on Friday, May 5th. Shareholders of record on Monday, June 19th will be paid a dividend of $0.13 per share on Monday, July 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for TG.

ETFs with the largest weight of Tredegar (NYSE:TG) stock in their portfolio include Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap 600 Pure Value ETF (RZV), iShares U.S. Infrastructure ETF (IFRA), Invesco S&P SmallCap Materials ETF (PSCM), First Trust Dow Jones Select Microcap Index Fund (FDM) and Hartford Multifactor Small Cap ETF (ROSC).

Tredegar (NYSE:TG) pays an annual dividend of $0.52 per share and currently has a dividend yield of 7.20%. TG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 157.58%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for TG.

10 employees have rated Tredegar Chief Executive Officer Nancy M. Taylor on Glassdoor.com. Nancy M. Taylor has an approval rating of 23% among the company's employees. This puts Nancy M. Taylor in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tredegar investors own include Netflix (NFLX), Verizon Communications (VZ), Ford Motor (F), AT&T (T), Vishay Intertechnology (VSH), Walt Disney (DIS), Energy Transfer (ET), General Electric (GE), Pfizer (PFE) and Pure Storage (PSTG).

Tredegar trades on the New York Stock Exchange (NYSE) under the ticker symbol "TG."

Tredegar's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.87%), Gamco Investors INC. ET AL (10.88%), Dimensional Fund Advisors LP (6.11%), State Street Corp (3.19%), Hotchkis & Wiley Capital Management LLC (1.75%) and Gabelli Funds LLC (1.50%).
View institutional ownership trends.

Shares of TG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TG stock can currently be purchased for approximately $7.26.

Tredegar (NYSE:TG) has a market capitalization of $246.77 million and generates $938.56 million in revenue each year. The basic materials company earns $28.45 million in net income (profit) each year or $0.33 on an earnings per share basis.

The company employs 2,300 workers across the globe.

Tredegar's mailing address is 1100 BOULDERS PARKWAY, RICHMOND VA, 23225. The official website for the company is www.tredegar.com. The basic materials company can be reached via phone at (804) 330-1000, via email at neill.bellamy@tredegar.com, or via fax at 804-330-1177.