Tecnoglass Inc. (NASDAQ:TGLS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 500,265 shares of the company's stock after acquiring an additional 22,700 shares during the period. Geode Capital Management LLC owned 1.06% of Tecnoglass worth $34,355,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TGLS. Amalgamated Bank purchased a new position in shares of Tecnoglass in the second quarter worth $39,000. Signaturefd LLC raised its position in shares of Tecnoglass by 4,735.7% during the 3rd quarter. Signaturefd LLC now owns 677 shares of the company's stock valued at $46,000 after buying an additional 663 shares in the last quarter. X Square Capital LLC lifted its holdings in shares of Tecnoglass by 5.7% in the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company's stock valued at $219,000 after acquiring an additional 237 shares during the last quarter. PFG Investments LLC purchased a new position in Tecnoglass in the second quarter worth about $220,000. Finally, Wolverine Trading LLC bought a new stake in Tecnoglass during the third quarter worth approximately $225,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. B. Riley reissued a "neutral" rating and issued a $72.00 target price (up previously from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Raymond James lowered shares of Tecnoglass from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, October 22nd. Sidoti lowered Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 target price for the company. in a research report on Tuesday, October 22nd. DA Davidson increased their price target on Tecnoglass from $65.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Robert W. Baird boosted their price objective on Tecnoglass from $85.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Tecnoglass currently has an average rating of "Hold" and an average target price of $77.40.

Tecnoglass Stock Up 1.1 %

TGLS stock traded up $0.86 on Thursday, hitting $82.58. 208,593 shares of the company's stock were exchanged, compared to its average volume of 357,937. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month high of $86.08. The stock has a market cap of $3.88 billion, a P/E ratio of 25.81 and a beta of 1.90. 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 50 day moving average price of $76.82 and a two-hundred day moving average price of $64.40.

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, topping analysts' consensus estimates 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 the consensus estimate of $240.19 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The company's revenue was up 13.1% compared to the same quarter last year. As a group, equities research analysts expect that Tecnoglass Inc. will post 3.55 EPS for the current fiscal 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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.73%. The ex-dividend date is Tuesday, December 31st. This is a boost from Tecnoglass's previous quarterly dividend of $0.11. Tecnoglass's dividend payout ratio is currently 18.75%.

Insider Buying and Selling at Tecnoglass

In other Tecnoglass news, major shareholder Holding Corp Energy sold 1,432,120 shares of the business's stock in a transaction dated 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 directly owns 23,195,988 shares in the company, valued at $1,693,771,043.76. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Julio A. Torres sold 30,520 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total transaction of $2,222,771.60. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

About Tecnoglass

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.