Tecnoglass (NASDAQ:TGLS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Tecnoglass (NASDAQ:TGLS) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the stock.

A number of other analysts also recently issued reports on TGLS. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on Tecnoglass from $50.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. B. Riley reaffirmed a “neutral” rating and issued a $72.00 price objective (up previously from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Robert W. Baird boosted their target price on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Sidoti downgraded Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.40.

Tecnoglass Stock Up 0.9 %

Shares of TGLS opened at $79.66 on Thursday. The business’s 50 day moving average is $72.31 and its 200 day moving average is $60.38. The company has a market capitalization of $3.74 billion, a PE ratio of 24.89 and a beta of 1.86. Tecnoglass has a 12-month low of $33.90 and a 12-month high of $82.68. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.11. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The business had revenue of $237.90 million for the quarter, compared to the consensus estimate of $240.19 million. During the same quarter in the previous year, the company posted $0.98 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. Research analysts expect that Tecnoglass will post 3.55 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, September 30th. Tecnoglass’s dividend payout ratio is currently 13.75%.

Insider Buying and Selling at Tecnoglass

In related news, Director Julio A. Torres sold 30,520 shares of Tecnoglass stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total transaction of $2,222,771.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total transaction of $104,573,402.40. Following the completion of the transaction, the insider now owns 23,195,988 shares in the company, valued at $1,693,771,043.76. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tecnoglass

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC increased its stake in shares of Tecnoglass by 4,735.7% during the third quarter. Signaturefd LLC now owns 677 shares of the company’s stock valued at $46,000 after buying an additional 663 shares during the period. Amalgamated Bank purchased a new position in Tecnoglass during the 2nd quarter valued at about $39,000. Wolverine Trading LLC bought a new stake in shares of Tecnoglass in the 3rd quarter valued at about $225,000. X Square Capital LLC lifted its position in shares of Tecnoglass by 5.7% in the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock worth $219,000 after purchasing an additional 237 shares during the period. Finally, PFG Investments LLC bought a new position in shares of Tecnoglass during the second quarter valued at approximately $220,000. 37.35% of the stock is owned by 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.