Tecnoglass Inc. (NASDAQ:TGLS) Receives Consensus Rating of “Hold” from Analysts

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have earned an average rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $77.40.

TGLS has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Raymond James lowered shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com began coverage on shares of Tecnoglass in a research note on Thursday. They issued a “hold” rating on the stock. B. Riley reaffirmed a “neutral” rating and set a $72.00 price target (up from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Finally, DA Davidson increased their price objective on shares of Tecnoglass from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Tecnoglass Trading Up 0.9 %

TGLS stock opened at $79.66 on Friday. The firm has a fifty day moving average price of $72.31 and a 200 day moving average price of $60.38. Tecnoglass has a fifty-two week low of $33.90 and a fifty-two week high of $82.68. The firm has a market cap of $3.74 billion, a PE ratio of 24.89 and a beta of 1.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.11. The business had revenue of $237.90 million during the quarter, compared to analysts’ expectations of $240.19 million. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Sell-side analysts anticipate that Tecnoglass will post 3.55 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a dividend of $0.11 per share. The ex-dividend date was Monday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.55%. Tecnoglass’s payout ratio is 13.75%.

Insider Buying and Selling at Tecnoglass

In other Tecnoglass news, major shareholder Holding Corp Energy sold 1,432,120 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total value of $104,573,402.40. Following the completion of the sale, the insider now directly owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. This represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julio A. Torres sold 30,520 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total value of $2,222,771.60. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tecnoglass

Hedge funds have recently modified their holdings of the business. Amalgamated Bank bought a new position in Tecnoglass in the second quarter worth approximately $39,000. Signaturefd LLC lifted its stake in shares of Tecnoglass by 4,735.7% during 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 last quarter. X Square Capital LLC boosted its position in Tecnoglass by 5.7% during the second quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock valued at $219,000 after purchasing an additional 237 shares in the last quarter. PFG Investments LLC purchased a new position in Tecnoglass in the second quarter valued at about $220,000. Finally, Wolverine Trading LLC bought a new position in Tecnoglass in the third quarter worth about $225,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Company Profile

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.