Tecnoglass Inc. (NASDAQ:TGLS) Given Average Recommendation of "Hold" by Analysts

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) has received a consensus rating of "Hold" from the six brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $77.40.

TGLS has been the subject of several recent research reports. B. Riley reiterated a "neutral" rating and issued a $72.00 price target (up from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Robert W. Baird increased their price target on Tecnoglass from $85.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, November 8th. StockNews.com began coverage on Tecnoglass in a research note on Saturday, December 14th. They set a "hold" rating for the company. DA Davidson raised their target price on Tecnoglass from $65.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Sidoti downgraded 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.

Tecnoglass Trading Up 3.3 %

Shares of TGLS traded up $2.70 during trading hours on Friday, hitting $83.98. The stock had a trading volume of 287,829 shares, compared to its average volume of 257,072. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The firm has a market cap of $3.95 billion, a P/E ratio of 26.24 and a beta of 1.90. The company's fifty day simple moving average is $79.29 and its 200 day simple moving average is $68.28. Tecnoglass has a 12-month low of $40.94 and a 12-month high of $86.08.

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, beating the consensus estimate of $0.97 by $0.11. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The firm had revenue of $237.90 million during the quarter, compared to the consensus estimate of $240.19 million. During the same period in the prior year, the firm earned $0.98 EPS. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. Equities research analysts forecast that Tecnoglass will post 3.55 EPS for the current fiscal year.

Tecnoglass Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.71%. This is an increase from Tecnoglass's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 31st. Tecnoglass's dividend payout ratio (DPR) is 18.75%.

Insider Buying and Selling

In related news, major shareholder Holding Corp Energy sold 1,432,120 shares of Tecnoglass stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total value of $104,573,402.40. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julio A. Torres sold 30,520 shares of Tecnoglass stock in a transaction dated Tuesday, November 12th. The stock was 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. Insiders own 0.25% of the company's stock.

Hedge Funds Weigh In On Tecnoglass

A number of large investors have recently bought and sold shares of TGLS. Rhumbline Advisers bought a new position in Tecnoglass in the second quarter worth about $1,468,000. Dimensional Fund Advisors LP lifted its holdings in Tecnoglass by 12.3% in the second 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 during the last quarter. Amalgamated Bank bought a new position in Tecnoglass in the second quarter worth about $39,000. Ensign Peak Advisors Inc raised its holdings 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 valued at $10,949,000 after buying an additional 149,933 shares during the last quarter. Finally, Dark Forest Capital Management LP raised its holdings in shares of Tecnoglass by 28.6% during the second quarter. Dark Forest Capital Management LP now owns 12,542 shares of the company's stock valued at $629,000 after buying an additional 2,789 shares during the last quarter. Institutional investors own 37.35% of the company's stock.

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.