Barclays PLC Has $2.43 Million Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Barclays PLC lifted its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 32.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,376 shares of the company's stock after purchasing an additional 8,613 shares during the period. Barclays PLC owned about 0.08% of Tecnoglass worth $2,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TGLS. Wellington Management Group LLP increased its holdings in 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 during the last quarter. William Blair Investment Management LLC boosted its stake in Tecnoglass by 8.7% during the 2nd quarter. William Blair Investment Management LLC now owns 1,754,892 shares of the company's stock valued at $88,060,000 after acquiring an additional 140,112 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Tecnoglass by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 884,527 shares of the company's stock worth $44,385,000 after acquiring an additional 96,602 shares in the last quarter. State Street Corp increased its position in shares of Tecnoglass by 29.1% in the 3rd quarter. State Street Corp now owns 416,964 shares of the company's stock worth $28,674,000 after purchasing an additional 93,968 shares during the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in shares of Tecnoglass by 219.7% during the second 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 last quarter. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TGLS shares. Sidoti cut Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price objective on the stock. in a research note on Tuesday, October 22nd. DA Davidson raised their price objective on Tecnoglass from $65.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. StockNews.com initiated coverage on shares of Tecnoglass in a report on Saturday, December 14th. They set a "hold" rating on the stock. Raymond James lowered shares of Tecnoglass from a "strong-buy" rating to a "market perform" rating in a report on Tuesday, October 22nd. Finally, B. Riley reiterated a "neutral" rating and set a $72.00 price objective (up previously from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Tecnoglass presently has a consensus rating of "Hold" and a consensus price target of $77.40.

Insiders Place Their Bets

In other news, major shareholder Holding Corp Energy sold 1,432,120 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total transaction of $104,573,402.40. Following the completion of the transaction, the insider now owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Julio A. Torres sold 30,520 shares of the business's stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

Tecnoglass Stock Performance

NASDAQ:TGLS traded up $0.86 during mid-day trading on Thursday, hitting $82.58. The stock had a trading volume of 208,593 shares, compared to its average volume of 357,937. Tecnoglass Inc. has a 52 week low of $40.94 and a 52 week high of $86.08. 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 stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 25.81 and a beta of 1.90. The company has a 50 day simple moving average of $76.82 and a 200-day simple moving average of $64.40.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.11. The company 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 firm's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, research analysts expect that Tecnoglass Inc. will post 3.55 earnings per share for the current fiscal year.

Tecnoglass Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. This is a boost from Tecnoglass's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 0.73%. Tecnoglass's payout ratio is presently 18.75%.

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.