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

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have received an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $77.40.

Several brokerages have recently weighed in on TGLS. Sidoti cut Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a research report on Tuesday, October 22nd. StockNews.com started coverage on Tecnoglass in a report on Saturday, December 14th. They set a “hold” rating for the company. B. Riley reissued a “neutral” rating and issued a $72.00 price target (up from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird lifted their price target on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

Insider Buying and Selling

In related news, major shareholder Holding Corp Energy sold 1,432,120 shares of Tecnoglass stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total transaction of $104,573,402.40. Following the sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julio A. Torres sold 30,520 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total transaction of $2,222,771.60. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Institutional Trading of Tecnoglass

A number of hedge funds have recently made changes to their positions in TGLS. Wellington Management Group LLP lifted its stake in shares of Tecnoglass by 29.5% in the third quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company’s stock worth $134,994,000 after buying an additional 447,647 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Tecnoglass by 219.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 218,189 shares of the company’s stock worth $10,949,000 after purchasing an additional 149,933 shares during the period. William Blair Investment Management LLC increased its holdings in Tecnoglass by 8.7% in the 2nd quarter. William Blair Investment Management LLC now owns 1,754,892 shares of the company’s stock worth $88,060,000 after acquiring an additional 140,112 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Tecnoglass by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 884,527 shares of the company’s stock valued at $44,385,000 after purchasing an additional 96,602 shares during the period. Finally, State Street Corp lifted its position in shares of Tecnoglass by 29.1% in the third quarter. State Street Corp now owns 416,964 shares of the company’s stock valued at $28,674,000 after acquiring an additional 93,968 shares in the last quarter. 37.35% of the stock is owned by institutional investors.

Tecnoglass Trading Down 0.2 %

Shares of Tecnoglass stock opened at $79.90 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The stock has a market capitalization of $3.75 billion, a P/E ratio of 24.97 and a beta of 1.89. Tecnoglass has a 52-week low of $40.94 and a 52-week high of $86.08. The stock’s 50-day simple moving average is $76.61 and its 200 day simple moving average is $64.02.

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

Tecnoglass Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Tecnoglass’s previous quarterly dividend of $0.11. Tecnoglass’s dividend payout ratio (DPR) is presently 18.75%.

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.