Tecnoglass Inc. (NASDAQ:TGLS) Receives $77.40 Average Price Target from Analysts

Tecnoglass Inc. (NASDAQ:TGLS) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $77.40.

Separately, StockNews.com started coverage on Tecnoglass in a report on Saturday, December 14th. They issued a “hold” rating for the company.

Tecnoglass Price Performance

TGLS opened at $68.16 on Friday. The stock has a fifty day moving average of $74.91 and a 200-day moving average of $73.81. The firm has a market capitalization of $3.20 billion, a P/E ratio of 21.30 and a beta of 1.94. Tecnoglass has a 12-month low of $40.94 and a 12-month high of $86.99. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20.

Tecnoglass Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, March 31st. Tecnoglass’s dividend payout ratio is presently 17.49%.

Hedge Funds Weigh In On Tecnoglass

Several institutional investors and hedge funds have recently made changes to their positions in TGLS. Principal Financial Group Inc. bought a new stake in Tecnoglass during the 3rd quarter worth about $2,211,000. Tidal Investments LLC acquired a new position in shares of Tecnoglass during the 3rd quarter worth approximately $585,000. Barclays PLC boosted its position in shares of Tecnoglass by 32.2% during the 3rd quarter. Barclays PLC now owns 35,376 shares of the company’s stock worth $2,429,000 after acquiring an additional 8,613 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Tecnoglass by 262.4% during the 3rd quarter. GSA Capital Partners LLP now owns 20,089 shares of the company’s stock worth $1,379,000 after acquiring an additional 14,545 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Tecnoglass by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 500,265 shares of the company’s stock worth $34,355,000 after acquiring an additional 22,700 shares in the last quarter. 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.