Tecnoglass Inc. (NASDAQ:TGLS) Given Average Recommendation of “Hold” by Analysts

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have been given an average rating of “Hold” by the six analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $67.33.

Several equities analysts recently issued reports on the company. Stifel Nicolaus upped their price objective on Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Sidoti downgraded Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a report on Tuesday, October 22nd. Raymond James cut shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. B. Riley reiterated a “neutral” rating and set a $72.00 target price (up from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Finally, Robert W. Baird raised their price target on Tecnoglass from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st.

Institutional Investors Weigh In On Tecnoglass

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGLS. Amalgamated Bank purchased a new position in Tecnoglass during the second quarter valued at approximately $39,000. Signaturefd LLC boosted its stake in Tecnoglass by 4,735.7% in the 3rd quarter. Signaturefd LLC now owns 677 shares of the company’s stock worth $46,000 after purchasing an additional 663 shares during the period. X Square Capital LLC grew its holdings in Tecnoglass by 5.7% during the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock valued at $219,000 after buying an additional 237 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Tecnoglass during the second quarter valued at approximately $220,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Tecnoglass in the first quarter worth $227,000. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Price Performance

TGLS stock opened at $68.50 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.43. The firm has a 50 day moving average price of $67.75 and a 200-day moving average price of $57.79. Tecnoglass has a 52-week low of $28.21 and a 52-week high of $80.51. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 21.96 and a beta of 1.86.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $219.65 million during the quarter, compared to analyst estimates of $219.29 million. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. Tecnoglass’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. Equities research analysts forecast that Tecnoglass will post 3.46 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Monday, September 30th. Tecnoglass’s dividend payout ratio is presently 14.10%.

About Tecnoglass

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.