Tecnoglass Inc. (NASDAQ:TGLS) Receives $77.40 Average PT from Brokerages

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) has been given a consensus recommendation of "Hold" by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $77.40.

TGLS has been the topic of several research reports. DA Davidson upped their target price on 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 increased their price objective on Tecnoglass from $85.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. B. Riley reissued a "neutral" rating and set a $72.00 target price (up previously from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Sidoti lowered shares of Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 target price on the stock. in a research report on Tuesday, October 22nd. Finally, StockNews.com started coverage on Tecnoglass in a report on Saturday, December 14th. They set a "hold" rating on the stock.

Insider Activity at Tecnoglass

In other news, Director Julio A. Torres sold 30,520 shares of the firm's stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of the stock in a transaction 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 completion of the sale, the insider now owns 23,195,988 shares of the company's stock, valued at $1,693,771,043.76. The trade was 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 insiders.

Institutional Investors Weigh In On Tecnoglass

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. bought a new position in shares of Tecnoglass during the third quarter worth about $2,211,000. DGS Capital Management LLC bought a new position in Tecnoglass during the 3rd quarter worth approximately $204,000. Tidal Investments LLC acquired a new position in shares of Tecnoglass in the 3rd quarter worth approximately $585,000. Virtu Financial LLC bought a new stake in shares of Tecnoglass in the 3rd quarter valued at $422,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Tecnoglass during the third quarter worth $1,409,000. Institutional investors own 37.35% of the company's stock.

Tecnoglass Stock Performance

Shares of TGLS stock traded up $1.82 during trading on Tuesday, reaching $81.72. 121,875 shares of the company's stock were exchanged, compared to its average volume of 358,540. The firm's fifty day moving average price is $76.72 and its 200-day moving average price is $64.28. Tecnoglass has a twelve month low of $40.94 and a twelve month high of $86.08. The stock has a market capitalization of $3.84 billion, a PE ratio of 25.54 and a beta of 1.90. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share 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 company had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. During the same period in the prior year, the firm earned $0.98 earnings per share. The company's revenue was up 13.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Tecnoglass will post 3.55 EPS for the current year.

Tecnoglass Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This is an increase from Tecnoglass's previous quarterly dividend of $0.11. This represents a $0.60 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, December 31st. Tecnoglass's dividend payout ratio is currently 18.75%.

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.