K.J. Harrison & Partners Inc bought a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,550 shares of the company's stock, valued at approximately $2,489,000. K.J. Harrison & Partners Inc owned approximately 0.07% of Tecnoglass as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its holdings in Tecnoglass by 40.0% during the fourth quarter. New York State Common Retirement Fund now owns 20,305 shares of the company's stock worth $1,611,000 after buying an additional 5,800 shares in the last quarter. Ifrah Financial Services Inc. bought a new stake in Tecnoglass during the fourth quarter worth approximately $214,000. Nations Financial Group Inc. IA ADV boosted its holdings in Tecnoglass by 3.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock worth $784,000 after buying an additional 286 shares in the last quarter. Legato Capital Management LLC lifted its position in shares of Tecnoglass by 109.2% in the 4th quarter. Legato Capital Management LLC now owns 9,790 shares of the company's stock valued at $777,000 after acquiring an additional 5,110 shares in the last quarter. Finally, Polaris Capital Management LLC lifted its position in shares of Tecnoglass by 2.5% in the 4th 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. 37.35% of the stock is currently owned by institutional investors.
Tecnoglass Stock Down 3.5 %
TGLS stock traded down $2.68 during midday trading on Friday, reaching $73.61. The company had a trading volume of 390,098 shares, compared to its average volume of 292,533. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $86.99. 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 company has a market capitalization of $3.46 billion, a P/E ratio of 23.00 and a beta of 1.88. The company has a 50 day moving average of $77.51 and a two-hundred day moving average of $73.30.
Tecnoglass Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.15 dividend. This is an increase from Tecnoglass's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.82%. Tecnoglass's dividend payout ratio is presently 17.49%.
Analyst Upgrades and Downgrades
TGLS has been the subject of several research analyst reports. DA Davidson upped their price target on shares of Tecnoglass from $65.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Robert W. Baird upped their price target on shares of Tecnoglass from $85.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, StockNews.com initiated coverage on shares of Tecnoglass in a research report on Saturday, December 14th. They issued a "hold" rating for the company. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $77.40.
View Our Latest Research Report on Tecnoglass
Tecnoglass Company Profile
(
Free Report)
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.
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