Tecnoglass (NASDAQ:TGLS) Sets New 12-Month High at $27.12

Tecnoglass Inc. (NASDAQ:TGLS)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $27.12 and last traded at $26.80, with a volume of 813 shares trading hands. The stock had previously closed at $26.17.

Several brokerages have recently commented on TGLS. Sidoti began coverage on Tecnoglass in a research report on Tuesday, September 21st. They set a “neutral” rating and a $25.00 price objective on the stock. Robert W. Baird lifted their target price on Tecnoglass from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, August 9th. Colliers Securities restated a “buy” rating on shares of Tecnoglass in a research report on Thursday, July 1st. Zacks Investment Research cut Tecnoglass from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Raymond James upped their target price on Tecnoglass from $15.00 to $26.00 and gave the company a “strong-buy” rating in a research note on Monday, August 9th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $21.71.

The company has a debt-to-equity ratio of 0.99, a current ratio of 2.56 and a quick ratio of 1.96. The business’s 50 day moving average price is $22.58 and its 200-day moving average price is $19.04. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 0.80 and a beta of 1.71.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings data on Friday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11. Tecnoglass had a net margin of 12.36% and a return on equity of 29.50%. The business had revenue of $121.71 million for the quarter, compared to the consensus estimate of $106.77 million. As a group, analysts expect that Tecnoglass Inc. will post 1.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Stockholders of record on Thursday, September 30th will be given a $0.027 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.41%. Tecnoglass’s payout ratio is currently 13.92%.

In other Tecnoglass news, Director Martha L. Byorum sold 8,000 shares of the firm’s stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $24.46, for a total transaction of $195,680.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TGLS. Acadian Asset Management LLC raised its position in shares of Tecnoglass by 98.1% in the first quarter. Acadian Asset Management LLC now owns 153,969 shares of the company’s stock valued at $1,851,000 after purchasing an additional 76,242 shares during the period. Geode Capital Management LLC lifted its position in Tecnoglass by 8.8% during the 1st quarter. Geode Capital Management LLC now owns 174,948 shares of the company’s stock valued at $2,102,000 after purchasing an additional 14,217 shares during the period. Northern Trust Corp increased its stake in shares of Tecnoglass by 3.8% in the 1st quarter. Northern Trust Corp now owns 44,402 shares of the company’s stock valued at $533,000 after acquiring an additional 1,637 shares during the last quarter. Trexquant Investment LP bought a new stake in Tecnoglass during the 1st quarter worth approximately $186,000. Finally, Dimensional Fund Advisors LP increased its stake in Tecnoglass by 23.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 215,798 shares of the company’s stock worth $2,594,000 after purchasing an additional 41,622 shares in the last quarter. Hedge funds and other institutional investors own 18.79% of the company’s stock.

Tecnoglass Company Profile (NASDAQ:TGLS)

Tecnoglass, Inc is a holding company, which engages in the design, manufacturing, distribution, marketing, and installation of specification architectural glass and windows products sold to the construction industry. It operates through the following geographical segments: Colombia, United States, Panama, and Other.

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