Tecnoglass Inc. (NASDAQ:TGLS) – Dougherty & Co increased their Q4 2017 earnings per share estimates for Tecnoglass in a research report issued on Monday. Dougherty & Co analyst J. Hamblin now expects that the company will post earnings per share of $0.13 for the quarter, up from their prior estimate of $0.12. Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Tecnoglass’ FY2018 earnings at $0.56 EPS.

Other equities analysts have also issued research reports about the company. ValuEngine raised Tecnoglass from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Wednesday. Finally, BidaskClub upgraded Tecnoglass from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $12.50.

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Tecnoglass (TGLS) opened at $7.13 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.38 and a quick ratio of 1.74. The company has a market capitalization of $242.47, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 0.82 and a beta of 0.51. Tecnoglass has a one year low of $5.50 and a one year high of $12.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGLS. Kennedy Capital Management Inc. boosted its holdings in shares of Tecnoglass by 113.9% during the 2nd quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock valued at $2,727,000 after acquiring an additional 155,847 shares in the last quarter. Boston Partners bought a new position in shares of Tecnoglass in the 2nd quarter worth about $975,000. Malaga Cove Capital LLC raised its position in shares of Tecnoglass by 23.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after acquiring an additional 17,881 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after acquiring an additional 15,261 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Tecnoglass by 54.1% in the 3rd quarter. Wells Fargo & Company MN now owns 33,911 shares of the company’s stock valued at $228,000 after buying an additional 11,910 shares in the last quarter. 3.43% of the stock is currently owned by institutional investors.

In related news, Director Martha L. Byorum sold 7,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $7.09, for a total transaction of $49,630.00. Following the sale, the director now owns 113,651 shares of the company’s stock, valued at approximately $805,785.59. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Martha L. Byorum sold 4,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $7.06, for a total value of $28,240.00. Following the sale, the director now directly owns 113,651 shares in the company, valued at approximately $802,376.06. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

The business also recently declared a dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, September 28th. This is a boost from Tecnoglass’s previous dividend of $0.13.

Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

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