Tecnoglass Inc. (NYSE:TGLS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Tecnoglass Inc. (NYSE:TGLS) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $63.3333.

A number of equities analysts recently commented on the company. Zacks Research raised Tecnoglass from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings downgraded shares of Tecnoglass from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 20th. Finally, Robert W. Baird lowered their price target on shares of Tecnoglass from $62.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st.

Insider Buying and Selling at Tecnoglass

In other news, major shareholder Holding Corp Energy bought 19,121 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $40.27 per share, with a total value of $770,002.67. Following the completion of the purchase, the insider directly owned 20,831,985 shares of the company’s stock, valued at approximately $838,904,035.95. This represents a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of Tecnoglass

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in Tecnoglass by 53.4% in the third quarter. JPMorgan Chase & Co. now owns 33,460 shares of the company’s stock worth $2,239,000 after acquiring an additional 11,649 shares in the last quarter. Fourth Sail Capital LP bought a new stake in shares of Tecnoglass during the fourth quarter valued at approximately $17,461,000. Thompson Siegel & Walmsley LLC raised its position in shares of Tecnoglass by 263.3% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 76,300 shares of the company’s stock worth $3,839,000 after purchasing an additional 55,300 shares during the period. Capital World Investors lifted its holdings in shares of Tecnoglass by 6.2% in the 3rd quarter. Capital World Investors now owns 1,794,272 shares of the company’s stock worth $120,055,000 after purchasing an additional 104,132 shares in the last quarter. Finally, Denali Advisors LLC bought a new position in shares of Tecnoglass in the 4th quarter worth $1,702,000. 37.35% of the stock is currently owned by institutional investors and hedge funds.

Tecnoglass Trading Up 0.2%

NYSE:TGLS traded up $0.08 during trading hours on Friday, hitting $45.70. 215,504 shares of the company were exchanged, compared to its average volume of 277,296. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 0.76 and a beta of 1.41. Tecnoglass has a one year low of $37.52 and a one year high of $83.32. The company has a fifty day simple moving average of $43.13 and a 200 day simple moving average of $46.42. The company has a current ratio of 1.77, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26.

Tecnoglass (NYSE:TGLS) last released its quarterly earnings results on Friday, May 8th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $249.01 million for the quarter, compared to analyst estimates of $243.00 million. Tecnoglass had a return on equity of 21.51% and a net margin of 14.77%.The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. Sell-side analysts expect that Tecnoglass will post 2.73 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Tecnoglass’s dividend payout ratio is 18.58%.

About Tecnoglass

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.