StockNews.com assumed coverage on shares of Tecnoglass (NASDAQ:TGLS - Free Report) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.
A number of other research analysts have also issued reports on the company. Stifel Nicolaus boosted their price objective on Tecnoglass from $50.00 to $59.00 and gave the company a "hold" rating in a research report on Friday, August 9th. B. Riley restated a "neutral" rating and set a $72.00 price target (up previously from $69.00) on shares of Tecnoglass in a research report on Thursday, October 10th. DA Davidson lifted their price objective 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. Sidoti lowered shares of Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 target price for the company. in a research note on Tuesday, October 22nd. Finally, Robert W. Baird raised their price target on shares of Tecnoglass from $85.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $77.40.
Check Out Our Latest Report on Tecnoglass
Tecnoglass Stock Performance
Shares of TGLS stock traded up $1.12 on Friday, hitting $83.30. 141,607 shares of the stock traded hands, compared to its average volume of 363,789. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. Tecnoglass has a 1-year low of $37.88 and a 1-year high of $83.75. The company's fifty day moving average is $73.93 and its 200 day moving average is $61.44. The company has a market capitalization of $3.91 billion, a PE ratio of 25.68 and a beta of 1.89.
Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.97 by $0.11. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The business had revenue of $237.90 million during the quarter, compared to analyst estimates of $240.19 million. During the same period in the previous year, the business posted $0.98 EPS. The company's quarterly revenue was up 13.1% on a year-over-year basis. On average, equities research analysts predict that Tecnoglass will post 3.55 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Tecnoglass news, major shareholder Holding Corp Energy sold 1,432,120 shares of Tecnoglass stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total value of $104,573,402.40. Following the transaction, the insider now owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Julio A. Torres sold 30,520 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total value of $2,222,771.60. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Tecnoglass
Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in Tecnoglass during the 3rd quarter worth approximately $2,211,000. Rhumbline Advisers purchased a new position in shares of Tecnoglass during the second quarter valued at $1,468,000. The Manufacturers Life Insurance Company purchased a new position in shares of Tecnoglass during the second quarter valued at $589,000. GSA Capital Partners LLP raised its position in Tecnoglass by 262.4% during the third quarter. GSA Capital Partners LLP now owns 20,089 shares of the company's stock valued at $1,379,000 after buying an additional 14,545 shares during the period. Finally, Semanteon Capital Management LP purchased a new stake in Tecnoglass in the 3rd quarter worth about $1,237,000. Institutional investors and hedge funds own 37.35% of the company's stock.
About Tecnoglass
(
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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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