Tecnoglass Inc. (NASDAQ:TGLS) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its stake in Tecnoglass Inc. (NASDAQ:TGLS) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,856 shares of the company’s stock after purchasing an additional 27,810 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Tecnoglass were worth $19,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TGLS. USA Financial Formulas purchased a new position in Tecnoglass in the 4th quarter valued at about $26,000. R Squared Ltd purchased a new position in shares of Tecnoglass in the fourth quarter valued at approximately $70,000. Signaturefd LLC lifted its position in shares of Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $71,000 after acquiring an additional 221 shares in the last quarter. Covestor Ltd boosted its stake in shares of Tecnoglass by 6,293.8% in the fourth quarter. Covestor Ltd now owns 1,023 shares of the company’s stock worth $81,000 after acquiring an additional 1,007 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Tecnoglass by 18.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company’s stock worth $86,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Trading Down 0.4%

Shares of TGLS stock opened at $81.64 on Monday. Tecnoglass Inc. has a fifty-two week low of $40.94 and a fifty-two week high of $86.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The stock’s fifty day moving average is $70.15 and its two-hundred day moving average is $74.70. The firm has a market capitalization of $3.84 billion, a P/E ratio of 25.51 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS) last issued its earnings results on Thursday, May 8th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. Tecnoglass’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. Research analysts expect that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Monday, March 31st. Tecnoglass’s dividend payout ratio is currently 17.49%.

About Tecnoglass

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.