Tecnoglass (NASDAQ:TGLS) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Tecnoglass (NASDAQ:TGLS) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the stock.

Other analysts also recently issued reports about the stock. Raymond James downgraded shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 22nd. B. Riley restated a “neutral” rating and issued a $72.00 price target (up previously from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Sidoti downgraded Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research report on Tuesday, October 22nd. DA Davidson raised their target price on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird lifted their target price on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.40.

Tecnoglass Stock Performance

Shares of TGLS stock opened at $83.72 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $75.66 and a two-hundred day moving average of $62.61. The company has a market cap of $3.93 billion, a P/E ratio of 26.16 and a beta of 1.89. Tecnoglass has a 52 week low of $40.49 and a 52 week high of $86.08.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.11. The business had revenue of $237.90 million during the quarter, compared to analyst estimates of $240.19 million. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, analysts anticipate that Tecnoglass will post 3.55 EPS for the current year.

Insider Transactions at Tecnoglass

In other news, Director Julio A. Torres sold 30,520 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total transaction of $2,222,771.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of Tecnoglass 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 transaction, the insider now owns 23,195,988 shares in the company, valued at $1,693,771,043.76. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Tecnoglass

Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC lifted its stake in Tecnoglass by 4,735.7% during the third quarter. Signaturefd LLC now owns 677 shares of the company’s stock valued at $46,000 after buying an additional 663 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Tecnoglass in the 2nd quarter valued at approximately $39,000. DGS Capital Management LLC purchased a new stake in shares of Tecnoglass in the 3rd quarter valued at approximately $204,000. Wolverine Trading LLC purchased a new stake in shares of Tecnoglass in the 3rd quarter valued at approximately $225,000. Finally, X Square Capital LLC boosted its stake in Tecnoglass by 5.7% in the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock worth $219,000 after purchasing an additional 237 shares during the period. 37.35% of the stock is owned by hedge funds and other institutional investors.

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.