Robert W. Baird began coverage on shares of Tecnoglass (NASDAQ:TGLS) in a research report released on Wednesday, Benzinga reports. The brokerage issued an outperform rating and a $10.00 price target on the stock.

A number of other analysts also recently weighed in on TGLS. Zacks Investment Research downgraded Tecnoglass from a buy rating to a hold rating in a research report on Wednesday, March 27th. ValuEngine downgraded Tecnoglass from a sell rating to a strong sell rating in a research report on Monday, April 1st. Finally, BidaskClub downgraded Tecnoglass from a sell rating to a strong sell rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Tecnoglass has an average rating of Hold and a consensus price target of $11.31.

Shares of NASDAQ TGLS opened at $7.21 on Wednesday. Tecnoglass has a 12 month low of $6.95 and a 12 month high of $10.29. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.66. The stock has a market cap of $275.03 million, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.48 and a beta of 1.29.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.10. The company had revenue of $97.86 million during the quarter, compared to analyst estimates of $95.14 million. Tecnoglass had a return on equity of 22.76% and a net margin of 2.39%. Sell-side analysts anticipate that Tecnoglass will post 0.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, May 26th. Investors of record on Tuesday, April 30th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.56 dividend on an annualized basis and a yield of 7.77%. Tecnoglass’s payout ratio is 65.88%.

In related news, Director Martha L. Byorum sold 5,994 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $8.46, for a total value of $50,709.24. Following the completion of the sale, the director now owns 79,764 shares in the company, valued at approximately $674,803.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Tecnoglass by 8,803.0% in the 4th quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock worth $435,000 after buying an additional 53,258 shares during the last quarter. National Investment Services Inc. WI bought a new stake in Tecnoglass in the first quarter valued at approximately $443,000. Crestline Management LP bought a new stake in Tecnoglass in the third quarter valued at approximately $553,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Tecnoglass in the fourth quarter valued at approximately $687,000. Finally, California Public Employees Retirement System lifted its position in Tecnoglass by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 89,222 shares of the company’s stock valued at $720,000 after purchasing an additional 1,496 shares during the last quarter. Institutional investors own 4.43% of the company’s stock.

About Tecnoglass

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

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