Tecnoglass Inc. (NASDAQ:TGLS) Receives Average Rating of “Moderate Buy” from Brokerages

Tecnoglass Inc. (NASDAQ:TGLS) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $83.00.

Separately, B. Riley assumed coverage on shares of Tecnoglass in a research report on Friday, May 16th. They set a “buy” rating and a $100.00 target price on the stock.

Tecnoglass Stock Down 1.0%

Shares of TGLS stock opened at $85.74 on Friday. The firm’s fifty day moving average price is $72.89 and its two-hundred day moving average price is $75.47. Tecnoglass has a 1 year low of $40.94 and a 1 year high of $89.36. The firm has a market capitalization of $4.03 billion, a P/E ratio of 26.79 and a beta of 1.85. 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 announced its earnings results on Thursday, May 8th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, equities analysts predict that Tecnoglass will post 3.53 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Monday, March 31st. Tecnoglass’s dividend payout ratio (DPR) is 16.22%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Intech Investment Management LLC grew its stake in Tecnoglass by 21.4% during the first quarter. Intech Investment Management LLC now owns 17,918 shares of the company’s stock valued at $1,282,000 after acquiring an additional 3,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Tecnoglass by 49.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,212 shares of the company’s stock worth $4,666,000 after acquiring an additional 21,483 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Tecnoglass in the 1st quarter worth approximately $3,597,000. Alliancebernstein L.P. lifted its holdings in shares of Tecnoglass by 42.3% in the 1st quarter. Alliancebernstein L.P. now owns 317,303 shares of the company’s stock worth $22,703,000 after acquiring an additional 94,335 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Tecnoglass by 25.8% in the 1st quarter. AQR Capital Management LLC now owns 3,505 shares of the company’s stock worth $251,000 after acquiring an additional 719 shares during the last quarter. 37.35% of the stock is owned by 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.