Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) shares saw an uptick in trading volume on Monday . 247,912 shares changed hands during mid-day trading, a decline of 2% from the previous session's volume of 253,158 shares.The stock last traded at $74.66 and had previously closed at $84.47.
Wall Street Analyst Weigh In
TGLS has been the subject of several analyst reports. Raymond James downgraded Tecnoglass from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, October 22nd. B. Riley reiterated 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 increased their price target on Tecnoglass from $65.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Robert W. Baird lifted their price objective 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. Finally, StockNews.com started coverage on shares of Tecnoglass in a research report on Saturday, December 14th. They issued a "hold" rating for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Tecnoglass currently has a consensus rating of "Hold" and an average target price of $77.40.
Get Our Latest Analysis on Tecnoglass
Tecnoglass Price Performance
The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $80.45 and a two-hundred day moving average of $69.78. The firm has a market cap of $3.71 billion, a P/E ratio of 24.67 and a beta of 1.90.
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, beating analysts' consensus estimates of $0.97 by $0.11. The company had revenue of $237.90 million during the quarter, compared to the consensus estimate of $240.19 million. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The company's quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. Sell-side analysts expect that Tecnoglass Inc. will post 3.55 EPS for the current year.
Tecnoglass Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Tecnoglass's previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. Tecnoglass's dividend payout ratio is currently 18.75%.
Insiders Place Their Bets
In related news, Director Julio A. Torres sold 30,520 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $73.02, for a total value of $104,573,402.40. Following 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. Corporate insiders own 0.25% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Tecnoglass by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 884,527 shares of the company's stock valued at $44,385,000 after acquiring an additional 96,602 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Tecnoglass during the 2nd quarter worth $39,000. The Manufacturers Life Insurance Company bought a new position in Tecnoglass in the 2nd quarter worth $589,000. Sanctuary Advisors LLC acquired a new position in Tecnoglass during the 2nd quarter worth $1,964,000. Finally, SG Americas Securities LLC acquired a new position in Tecnoglass during the 3rd quarter worth $488,000. 37.35% of the stock is owned by institutional investors and hedge funds.
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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