Dimensional Fund Advisors LP Buys 37,091 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Dimensional Fund Advisors LP boosted its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 732,736 shares of the company's stock after purchasing an additional 37,091 shares during the period. Dimensional Fund Advisors LP owned approximately 1.54% of Tecnoglass worth $33,495,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC purchased a new position in Tecnoglass in the third quarter valued at about $26,000. PNC Financial Services Group Inc. boosted its stake in shares of Tecnoglass by 27.7% in the third quarter. PNC Financial Services Group Inc. now owns 2,917 shares of the company's stock valued at $96,000 after purchasing an additional 632 shares during the period. Handelsbanken Fonder AB acquired a new stake in Tecnoglass during the 4th quarter valued at $201,000. HBK Sorce Advisory LLC bought a new stake in Tecnoglass in the 4th quarter valued at about $234,000. Finally, M&T Bank Corp acquired a new stake in shares of Tecnoglass in the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Price Performance

Shares of TGLS traded up $0.64 during mid-day trading on Friday, hitting $52.61. The company's stock had a trading volume of 411,160 shares, compared to its average volume of 336,118. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 1.72. The firm has a 50-day moving average price of $54.61 and a 200 day moving average price of $47.25. Tecnoglass Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $59.76. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 15.16 and a beta of 1.79.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $192.09 million during the quarter, compared to analyst estimates of $191.04 million. Tecnoglass had a return on equity of 31.85% and a net margin of 19.97%. The company's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 EPS. On average, research analysts predict that Tecnoglass Inc. will post 3.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird lowered their target price on Tecnoglass from $65.00 to $64.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 7th. B. Riley restated a "buy" rating and set a $60.00 price objective (down from $65.00) on shares of Tecnoglass in a research note on Friday, May 10th. DA Davidson reiterated a "buy" rating and issued a $50.00 target price on shares of Tecnoglass in a research report on Monday, March 4th. Stifel Nicolaus downgraded shares of Tecnoglass from a "buy" rating to a "hold" rating and dropped their price target for the stock from $48.00 to $45.00 in a research report on Wednesday, February 14th. Finally, Sidoti cut shares of Tecnoglass from a "buy" rating to a "neutral" rating and increased their price objective for the company from $56.00 to $59.00 in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.83.

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.