Tecnoglass Inc. (NYSE:TGLS) Given Average Rating of “Hold” by Brokerages

Shares of Tecnoglass Inc. (NYSE:TGLS) have been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $63.3333.

A number of research analysts have weighed in on TGLS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tecnoglass in a report on Friday, April 10th. DA Davidson reduced their target price on Tecnoglass from $80.00 to $70.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Robert W. Baird reduced their target price on Tecnoglass from $62.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday. Zacks Research lowered Tecnoglass from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Finally, B. Riley Financial reduced their target price on Tecnoglass from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, March 6th.

Insider Transactions at Tecnoglass

In related news, major shareholder Holding Corp Energy bought 107,629 shares of Tecnoglass stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $45.11 per share, with a total value of $4,855,144.19. Following the acquisition, the insider directly owned 20,731,985 shares of the company’s stock, valued at $935,219,843.35. This represents a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne Louise Carricarte acquired 1,100 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $43.27 per share, with a total value of $47,597.00. Following the acquisition, the director directly owned 1,100 shares of the company’s stock, valued at $47,597. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 522,995 shares of company stock valued at $22,912,205 in the last ninety days. Insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TGLS. First Horizon Corp purchased a new position in shares of Tecnoglass during the third quarter worth about $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Tecnoglass during the fourth quarter worth about $28,000. Arax Advisory Partners grew its holdings in shares of Tecnoglass by 128.4% during the fourth quarter. Arax Advisory Partners now owns 596 shares of the company’s stock worth $30,000 after purchasing an additional 335 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Tecnoglass by 290.2% during the third quarter. Federated Hermes Inc. now owns 597 shares of the company’s stock worth $40,000 after purchasing an additional 444 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Tecnoglass by 223.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 637 shares of the company’s stock worth $43,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Trading Up 3.8%

Shares of Tecnoglass stock opened at $45.80 on Tuesday. Tecnoglass has a 52-week low of $39.53 and a 52-week high of $90.34. The stock’s 50-day simple moving average is $45.77 and its 200 day simple moving average is $50.59. The stock has a market capitalization of $2.05 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.74 and a beta of 1.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 1.86.

Tecnoglass (NYSE:TGLS) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.21). Tecnoglass had a net margin of 16.22% and a return on equity of 23.05%. The firm had revenue of $245.30 million during the quarter. During the same quarter in the prior year, the company earned $1.05 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts anticipate that Tecnoglass will post 2.72 EPS for the current year.

Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Tecnoglass’s payout ratio is presently 17.54%.

Tecnoglass Company Profile

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company’s product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.