Tecnoglass (NASDAQ:TGLS) Given New $76.00 Price Target at Robert W. Baird

Tecnoglass (NASDAQ:TGLS) had its price objective upped by Robert W. Baird from $68.00 to $76.00 in a research note published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages also recently weighed in on TGLS. DA Davidson upped their target price on shares of Tecnoglass from $60.00 to $65.00 and gave the stock a buy rating in a research note on Tuesday, August 13th. Stifel Nicolaus upped their target price on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a hold rating in a research note on Friday, August 9th. Finally, Sidoti raised shares of Tecnoglass from a neutral rating to a buy rating and set a $68.00 target price on the stock in a research note on Wednesday, June 26th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Tecnoglass has a consensus rating of Moderate Buy and an average price target of $62.17.

Tecnoglass Trading Down 0.4 %

Shares of Tecnoglass stock opened at $68.59 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.43 and a quick ratio of 1.80. The firm has a fifty day moving average price of $58.05 and a 200 day moving average price of $53.64. Tecnoglass has a 1 year low of $28.21 and a 1 year high of $69.79. The stock has a market cap of $3.22 billion, a PE ratio of 19.77 and a beta of 1.86.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Thursday, August 8th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $219.65 million during the quarter, compared to analysts’ expectations of $219.29 million. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. Equities research analysts predict that Tecnoglass will post 3.42 earnings per share for the current year.

Tecnoglass Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, September 30th. Tecnoglass’s dividend payout ratio is currently 12.68%.

Institutional Trading of Tecnoglass

A number of large investors have recently bought and sold shares of the business. Amalgamated Bank acquired a new stake in shares of Tecnoglass in the 2nd quarter worth $39,000. EntryPoint Capital LLC purchased a new position in shares of Tecnoglass in the 1st quarter valued at about $227,000. X Square Capital LLC increased its holdings 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 valued at $219,000 after purchasing an additional 237 shares in the last quarter. PFG Investments LLC purchased a new position in Tecnoglass during the 2nd quarter valued at about $220,000. Finally, Tidal Investments LLC purchased a new position in Tecnoglass during the 1st quarter valued at about $245,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

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.