Tecnoglass Inc. (NASDAQ:TGLS) Given Consensus Rating of “Hold” by Brokerages

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have received an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $77.40.

TGLS has been the subject of a number of research reports. Robert W. Baird lifted their price target on Tecnoglass from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Stifel Nicolaus lifted their price target on Tecnoglass from $50.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. Sidoti downgraded Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a research note on Tuesday, October 22nd. Finally, StockNews.com initiated coverage on Tecnoglass in a research note on Thursday, November 28th. They issued a “hold” rating for the company.

Insider Transactions at Tecnoglass

In other news, major shareholder Holding Corp Energy sold 1,432,120 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total transaction of $104,573,402.40. Following the completion of the transaction, the insider now directly owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julio A. Torres sold 30,520 shares of the business’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 value of $2,222,771.60. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Tecnoglass

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its holdings in Tecnoglass by 3.2% during the second quarter. Crossmark Global Holdings Inc. now owns 7,066 shares of the company’s stock worth $355,000 after purchasing an additional 220 shares in the last quarter. X Square Capital LLC raised its holdings in Tecnoglass by 5.7% during the second quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock worth $219,000 after purchasing an additional 237 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Tecnoglass by 3.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 9,596 shares of the company’s stock worth $659,000 after purchasing an additional 287 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Tecnoglass by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 13,681 shares of the company’s stock worth $687,000 after purchasing an additional 292 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Tecnoglass by 4,735.7% during the third quarter. Signaturefd LLC now owns 677 shares of the company’s stock worth $46,000 after purchasing an additional 663 shares in the last quarter. 37.35% of the stock is currently owned by institutional investors and hedge funds.

Tecnoglass Stock Up 2.4 %

Shares of NASDAQ TGLS opened at $81.84 on Friday. Tecnoglass has a 1 year low of $36.14 and a 1 year high of $82.68. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 25.58 and a beta of 1.89. 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 stock’s 50-day simple moving average is $73.34 and its 200-day simple moving average is $61.16.

Tecnoglass (NASDAQ:TGLS) last announced its earnings results on Thursday, November 7th. The company reported $1.08 earnings per share (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 for the quarter, compared to analyst estimates of $240.19 million. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, equities analysts anticipate that Tecnoglass will post 3.55 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

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

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.