Brokerages Set Tecnoglass Inc. (NASDAQ:TGLS) Target Price at $77.40

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) has earned an average rating of "Hold" from the six analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $77.40.

TGLS has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Tecnoglass from $50.00 to $59.00 and gave the company a "hold" rating in a report on Friday, August 9th. Robert W. Baird lifted their target price on Tecnoglass from $85.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Sidoti downgraded Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price target for the company. in a report on Tuesday, October 22nd. StockNews.com initiated coverage on shares of Tecnoglass in a research report on Thursday. They set a "hold" rating for the company. Finally, DA Davidson boosted their price target on Tecnoglass from $65.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, November 12th.

Tecnoglass Trading Up 1.7 %

TGLS traded up $1.39 during trading on Friday, reaching $81.05. 170,570 shares of the company's stock were exchanged, compared to its average volume of 367,421. The company's fifty day moving average price is $72.52 and its 200-day moving average price is $60.52. The firm has a market capitalization of $3.81 billion, a PE ratio of 23.43 and a beta of 1.86. Tecnoglass has a fifty-two week low of $33.90 and a fifty-two week high of $82.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.11. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The business had revenue of $237.90 million during the quarter, compared to analysts' expectations of $240.19 million. During the same period in the previous year, the firm earned $0.98 earnings per share. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. As a group, equities analysts forecast that Tecnoglass will post 3.55 EPS for the current year.

Tecnoglass Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, September 30th. Tecnoglass's payout ratio is 13.75%.

Insider Buying and Selling

In other news, Director Julio A. Torres sold 30,520 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total transaction of $2,222,771.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 sale, the insider now owns 23,195,988 shares of the company's stock, valued at $1,693,771,043.76. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Institutional Trading of Tecnoglass

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. bought a new stake in Tecnoglass in the 3rd quarter valued at $2,211,000. Rhumbline Advisers bought a new position in shares of Tecnoglass in the second quarter valued at about $1,468,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Tecnoglass during the 2nd quarter worth about $589,000. GSA Capital Partners LLP boosted its holdings in shares of Tecnoglass by 262.4% during the 3rd quarter. GSA Capital Partners LLP now owns 20,089 shares of the company's stock worth $1,379,000 after buying an additional 14,545 shares during the period. Finally, Semanteon Capital Management LP acquired a new position in Tecnoglass in the 3rd quarter valued at about $1,237,000. 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.