Tecnoglass Inc. (NASDAQ:TGLS) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,313 shares of the company’s stock after acquiring an additional 913 shares during the period. Charles Schwab Investment Management Inc. owned about 0.39% of Tecnoglass worth $14,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TGLS. Wellington Management Group LLP raised its stake in shares of Tecnoglass by 29.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company’s stock worth $134,994,000 after purchasing an additional 447,647 shares in the last quarter. Polaris Capital Management LLC raised its position in Tecnoglass by 2.5% during the fourth quarter. Polaris Capital Management LLC now owns 860,964 shares of the company’s stock valued at $68,292,000 after acquiring an additional 20,800 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tecnoglass by 4.8% in the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company’s stock valued at $34,355,000 after acquiring an additional 22,700 shares during the last quarter. State Street Corp grew its position in Tecnoglass by 29.1% in the third quarter. State Street Corp now owns 416,964 shares of the company’s stock worth $28,674,000 after acquiring an additional 93,968 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Tecnoglass by 4.3% in the third quarter. Janus Henderson Group PLC now owns 60,886 shares of the company’s stock worth $4,180,000 after acquiring an additional 2,515 shares in the last quarter. Institutional investors and hedge funds own 37.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Tecnoglass in a research note on Saturday, December 14th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $77.40.

Tecnoglass Price Performance

Shares of Tecnoglass stock opened at $72.85 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $74.60 and a 200-day simple moving average of $73.99. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 22.76 and a beta of 1.94. Tecnoglass Inc. has a 1-year low of $40.94 and a 1-year high of $86.99.

Tecnoglass Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Monday, March 31st. Tecnoglass’s dividend payout ratio is 17.49%.

Tecnoglass 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.