Tecnoglass Inc. $TGLS Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 15.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,883,864 shares of the company’s stock after purchasing an additional 254,686 shares during the period. Wellington Management Group LLP owned about 4.01% of Tecnoglass worth $134,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in shares of Tecnoglass by 1,350.0% during the first quarter. JFS Wealth Advisors LLC now owns 435 shares of the company’s stock worth $31,000 after purchasing an additional 405 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Tecnoglass during the 1st quarter worth $38,000. Summit Investment Advisors Inc. boosted its stake in Tecnoglass by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company’s stock worth $186,000 after purchasing an additional 149 shares during the period. Entropy Technologies LP acquired a new stake in Tecnoglass during the 1st quarter worth $200,000. Finally, Mariner LLC acquired a new stake in Tecnoglass during the 4th quarter worth $254,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

Tecnoglass Trading Down 4.1%

NASDAQ:TGLS opened at $69.9690 on Thursday. The firm has a market cap of $3.29 billion, a P/E ratio of 21.87 and a beta of 1.85. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $76.58 and its 200-day simple moving average is $75.45. Tecnoglass Inc. has a 12-month low of $58.24 and a 12-month high of $90.34.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Thursday, August 7th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS. Tecnoglass has set its FY 2025 guidance at EPS. Equities analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a $0.15 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. Tecnoglass’s dividend payout ratio (DPR) is presently 15.42%.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on shares of Tecnoglass in a research note on Friday, May 16th. They set a “buy” rating and a $100.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

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.