Tecnoglass Inc. (NASDAQ:TGLS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $77.40.

Several research firms recently issued reports on TGLS. StockNews.com initiated coverage on Tecnoglass in a research note on Saturday, December 14th. They set a “hold” rating for the company. Robert W. Baird lifted their price target on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Sidoti cut shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research report on Tuesday, October 22nd. DA Davidson lifted their target price on shares of Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Raymond James lowered shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd.

Tecnoglass Stock Performance

NASDAQ TGLS opened at $74.97 on Wednesday. The company’s 50 day simple moving average is $79.40 and its two-hundred day simple moving average is $72.24. The stock has a market capitalization of $3.52 billion, a PE ratio of 23.43 and a beta of 1.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. Tecnoglass has a 1 year low of $40.94 and a 1 year high of $86.99.

Tecnoglass Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from Tecnoglass’s previous quarterly dividend of $0.11. This represents a $0.60 annualized dividend and a dividend yield of 0.80%. Tecnoglass’s dividend payout ratio (DPR) is 18.75%.

Institutional Investors Weigh In On Tecnoglass

Institutional investors have recently made changes to their positions in the business. FMR LLC raised its position in Tecnoglass by 49.2% in the 4th quarter. FMR LLC now owns 5,412,322 shares of the company’s stock worth $429,305,000 after purchasing an additional 1,785,602 shares during the period. Wellington Management Group LLP increased its holdings in shares of Tecnoglass by 29.5% in the third quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company’s stock worth $134,994,000 after buying an additional 447,647 shares during the period. Capital World Investors bought a new stake in shares of Tecnoglass in the 4th quarter valued at about $23,530,000. Marshall Wace LLP purchased a new stake in Tecnoglass during the 4th quarter valued at about $19,638,000. Finally, Invesco Ltd. grew its position in Tecnoglass by 486.8% during the 4th quarter. Invesco Ltd. now owns 147,070 shares of the company’s stock worth $11,666,000 after acquiring an additional 122,006 shares during the last quarter. Hedge funds and other institutional investors 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.