Tecnoglass Inc. (NASDAQ:TGLS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $63.67.

TGLS has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, August 9th. DA Davidson increased their target price on Tecnoglass from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. B. Riley lowered Tecnoglass from a “buy” rating to a “neutral” rating and boosted their price target for the company from $60.00 to $69.00 in a report on Monday, September 23rd. Sidoti upgraded Tecnoglass from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, June 26th. Finally, Robert W. Baird boosted their target price on Tecnoglass from $68.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th.

Tecnoglass Trading Up 0.9 %

Shares of NASDAQ TGLS opened at $72.64 on Thursday. The company has a quick ratio of 1.80, a current ratio of 2.43 and a debt-to-equity ratio of 0.24. Tecnoglass has a twelve month low of $28.21 and a twelve month high of $72.85. The company’s fifty day moving average is $62.13 and its 200-day moving average is $55.71. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 20.93 and a beta of 1.86.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. The company had revenue of $219.65 million during the quarter, compared to the consensus estimate of $219.29 million. During the same period in the prior year, the company earned $1.12 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts predict that Tecnoglass will post 3.42 EPS for the current year.

Tecnoglass Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Monday, September 30th. Tecnoglass’s payout ratio is 12.68%.

Institutional Trading of Tecnoglass

Institutional investors and hedge funds have recently bought and sold shares of the stock. William Blair Investment Management LLC increased its position in shares of Tecnoglass by 232.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,614,780 shares of the company’s stock worth $84,017,000 after purchasing an additional 1,129,603 shares during the last quarter. Owls Nest Partners IA LLC grew its stake in shares of Tecnoglass by 200.1% in the fourth quarter. Owls Nest Partners IA LLC now owns 577,765 shares of the company’s stock valued at $26,410,000 after buying an additional 385,265 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Tecnoglass by 219.7% during the second quarter. Ensign Peak Advisors Inc now owns 218,189 shares of the company’s stock worth $10,949,000 after buying an additional 149,933 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Tecnoglass by 12.3% during 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 in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Tecnoglass during the second quarter worth $3,929,000. Institutional investors own 37.35% of the company’s stock.

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.