Tecnoglass (NASDAQ:TGLS – Free Report) had its target price hoisted by Robert W. Baird from $56.00 to $65.00 in a research report report published on Thursday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.
Several other equities research analysts have also recently issued reports on TGLS. B. Riley lifted their price objective on shares of Tecnoglass from $51.00 to $65.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Stifel Nicolaus cut shares of Tecnoglass from a buy rating to a hold rating and decreased their price objective for the stock from $48.00 to $45.00 in a research report on Wednesday, February 14th. Finally, DA Davidson reaffirmed a buy rating and set a $50.00 price objective on shares of Tecnoglass in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $54.00.
View Our Latest Report on Tecnoglass
Tecnoglass Stock Performance
Tecnoglass (NASDAQ:TGLS – Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.75 by $0.05. Tecnoglass had a net margin of 21.95% and a return on equity of 38.92%. The company had revenue of $194.60 million during the quarter, compared to analysts’ expectations of $199.93 million. On average, research analysts predict that Tecnoglass will post 3.7 EPS for the current fiscal year.
Tecnoglass Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be given a $0.11 dividend. The ex-dividend date is Wednesday, March 27th. This is a boost from Tecnoglass’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.78%. Tecnoglass’s payout ratio is 11.43%.
Institutional Investors Weigh In On Tecnoglass
Institutional investors and hedge funds have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC purchased a new stake in Tecnoglass in the third quarter valued at $26,000. Tower Research Capital LLC TRC purchased a new stake in Tecnoglass in the third quarter valued at $28,000. BNP Paribas Arbitrage SA purchased a new stake in Tecnoglass in the first quarter valued at $29,000. BNP Paribas Arbitrage SNC acquired a new position in Tecnoglass in the third quarter valued at $65,000. Finally, Castleview Partners LLC acquired a new position in Tecnoglass in the first quarter valued at $66,000. 37.35% of the stock is owned by hedge funds and other institutional investors.
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.
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