Tecnoglass (NASDAQ:TGLS) Now Covered by StockNews.com

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

TGLS has been the topic of a number of other reports. Sidoti cut Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research note on Tuesday, October 22nd. Robert W. Baird upped their price target on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd. B. Riley reaffirmed a “neutral” rating and set a $72.00 price target (up from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Finally, Stifel Nicolaus upped their price target on Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tecnoglass currently has an average rating of “Hold” and a consensus price target of $77.40.

Tecnoglass Trading Up 0.9 %

NASDAQ TGLS opened at $79.66 on Thursday. Tecnoglass has a 12 month low of $33.90 and a 12 month high of $82.68. The stock has a market cap of $3.74 billion, a P/E ratio of 24.89 and a beta of 1.86. The stock’s fifty day moving average price is $72.31 and its 200-day moving average price is $60.38. 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 earnings results on Thursday, November 7th. The company reported $1.08 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 firm had revenue of $237.90 million for the quarter, compared to analysts’ expectations of $240.19 million. During the same period in the prior year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, equities analysts forecast that Tecnoglass will post 3.55 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, September 30th. Tecnoglass’s dividend payout ratio is 13.75%.

Insider Buying and Selling at Tecnoglass

In other news, Director Julio A. Torres sold 30,520 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total value of $2,222,771.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of Tecnoglass stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total value of $104,573,402.40. Following the transaction, the insider now directly owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. The trade was 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 owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. lifted its position in shares of Tecnoglass by 3.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,066 shares of the company’s stock valued at $355,000 after buying an additional 220 shares in the last quarter. X Square Capital LLC lifted its position in shares of Tecnoglass by 5.7% during the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock valued at $219,000 after buying an additional 237 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of Tecnoglass by 3.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 9,596 shares of the company’s stock valued at $659,000 after buying an additional 287 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Tecnoglass by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,681 shares of the company’s stock valued at $687,000 after buying an additional 292 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Tecnoglass by 4,735.7% during the 3rd quarter. Signaturefd LLC now owns 677 shares of the company’s stock valued at $46,000 after buying an additional 663 shares in the last quarter. 37.35% of the stock is owned by hedge funds and other 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.