Tecnoglass Inc. $TGLS Shares Bought by Vest Financial LLC

Vest Financial LLC boosted its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 14.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,022 shares of the company’s stock after buying an additional 7,257 shares during the quarter. Vest Financial LLC owned 0.12% of Tecnoglass worth $4,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its position in Tecnoglass by 1,350.0% during the first quarter. JFS Wealth Advisors LLC now owns 435 shares of the company’s stock worth $31,000 after buying an additional 405 shares during the period. New Age Alpha Advisors LLC acquired a new position in Tecnoglass during the first quarter worth about $38,000. Farther Finance Advisors LLC grew its position in Tecnoglass by 314.6% during the second quarter. Farther Finance Advisors LLC now owns 796 shares of the company’s stock worth $62,000 after buying an additional 604 shares during the period. Valley National Advisers Inc. acquired a new position in Tecnoglass during the second quarter worth about $120,000. Finally, Entropy Technologies LP acquired a new position in Tecnoglass during the first quarter worth about $200,000. 37.35% of the stock is currently owned by institutional investors and hedge funds.

Tecnoglass Trading Up 1.7%

Shares of TGLS opened at $63.12 on Tuesday. Tecnoglass Inc. has a twelve month low of $60.25 and a twelve month high of $90.34. The firm has a market capitalization of $2.97 billion, a P/E ratio of 19.72 and a beta of 1.83. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average is $70.97 and its two-hundred day moving average is $74.79.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.07. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s revenue was up 16.3% compared to the same quarter last year. Tecnoglass has set its FY 2025 guidance at EPS. On average, research analysts predict that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. Tecnoglass’s dividend payout ratio (DPR) is currently 15.42%.

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.