Tecnoglass (NASDAQ:TGLS) PT Raised to $65.00 at Robert W. Baird

Tecnoglass (NASDAQ:TGLS) had its target price upped by Robert W. Baird from $56.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. DA Davidson reaffirmed a buy rating and issued a $50.00 price objective on shares of Tecnoglass in a research note on Monday, March 4th. B. Riley raised their target price on shares of Tecnoglass from $51.00 to $65.00 and gave the stock a buy rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus cut shares of Tecnoglass from a buy rating to a hold rating and decreased their target price for the stock from $48.00 to $45.00 in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $54.00.

Tecnoglass Stock Down 1.2 %

Tecnoglass stock opened at $56.48 on Thursday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 14.67 and a beta of 1.80. The company has a current ratio of 2.27, a quick ratio of 1.60 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $49.33 and its two-hundred day moving average price is $42.55. Tecnoglass has a 52 week low of $28.21 and a 52 week high of $59.76.

Tecnoglass (NASDAQ:TGLS) last released its 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. The firm had revenue of $194.60 million for the quarter, compared to analysts’ expectations of $199.93 million. Tecnoglass had a net margin of 21.95% and a return on equity of 38.92%. On average, analysts expect that Tecnoglass will post 3.7 EPS for the current fiscal year.

Tecnoglass Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be paid a $0.11 dividend. The ex-dividend date of this dividend 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%.

Hedge Funds Weigh In On Tecnoglass

A number of institutional investors have recently modified their holdings of TGLS. Thompson Siegel & Walmsley LLC bought a new position in Tecnoglass during the third quarter worth $26,000. Tower Research Capital LLC TRC bought a new position in Tecnoglass during the third quarter worth $28,000. BNP Paribas Arbitrage SA bought a new position in Tecnoglass during the first quarter worth $29,000. BNP Paribas Arbitrage SNC bought a new position in Tecnoglass during the third quarter worth $65,000. Finally, Castleview Partners LLC bought a new position in Tecnoglass during the first quarter worth $66,000. Institutional investors own 37.35% of the company’s stock.

About Tecnoglass

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.