Tecnoglass Inc. (NASDAQ:TGLS) Receives Average Rating of “Hold” from Brokerages

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have been assigned an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $77.40.

Several research firms recently weighed in on TGLS. StockNews.com began coverage on Tecnoglass in a report on Saturday, December 14th. They set a “hold” rating on the stock. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 22nd. Sidoti downgraded Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research report on Tuesday, October 22nd. DA Davidson upped their price objective 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 upped their price objective on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On Tecnoglass

A number of institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new stake in Tecnoglass during the fourth quarter valued at about $203,000. Vanguard Group Inc. raised its stake in Tecnoglass by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 517,435 shares of the company’s stock valued at $41,043,000 after buying an additional 31,493 shares during the last quarter. Signaturefd LLC raised its stake in Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $71,000 after buying an additional 221 shares during the last quarter. one8zero8 LLC purchased a new stake in Tecnoglass in the fourth quarter valued at about $8,021,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in Tecnoglass in the fourth quarter valued at about $976,000. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Stock Performance

NASDAQ:TGLS opened at $76.94 on Wednesday. The stock’s fifty day moving average is $80.01 and its 200 day moving average is $71.63. Tecnoglass has a fifty-two week low of $40.94 and a fifty-two week high of $86.99. The firm has a market capitalization of $3.62 billion, a PE ratio of 24.04 and a beta of 1.88. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. This is an increase 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.