Holding Corp Energy Purchases 80,879 Shares of Tecnoglass (NYSE:TGLS) Stock

Tecnoglass Inc. (NYSE:TGLS) major shareholder Holding Corp Energy purchased 80,879 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $40.56 per share, for a total transaction of $3,280,452.24. Following the transaction, the insider owned 20,812,864 shares of the company’s stock, valued at $844,169,763.84. This trade represents a 0.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Holding Corp Energy also recently made the following trade(s):

• On Friday, May 15th, Holding Corp Energy purchased 19,121 shares of Tecnoglass stock. The shares were purchased at an average price of $40.27 per share, for a total transaction of $770,002.67.
• On Friday, March 13th, Holding Corp Energy purchased 107,629 shares of Tecnoglass stock. The shares were purchased at an average price of $45.11 per share, for a total transaction of $4,855,144.19.
• On Thursday, March 12th, Holding Corp Energy purchased 107,600 shares of Tecnoglass stock. The shares were purchased at an average price of $45.28 per share, for a total transaction of $4,872,128.00.
• On Wednesday, March 11th, Holding Corp Energy purchased 92,066 shares of Tecnoglass stock. The shares were purchased at an average price of $44.24 per share, for a total transaction of $4,072,999.84.
• On Tuesday, March 10th, Holding Corp Energy purchased 107,600 shares of Tecnoglass stock. The shares were purchased at an average price of $43.41 per share, for a total transaction of $4,670,916.00.
• On Monday, March 9th, Holding Corp Energy purchased 107,000 shares of Tecnoglass stock. The shares were purchased at an average price of $41.06 per share, for a total transaction of $4,393,420.00.

Tecnoglass Stock Down 1.1%

TGLS stock opened at $39.02 on Wednesday. The firm has a market cap of $1.73 billion, a PE ratio of 12.08, a P/E/G ratio of 0.66 and a beta of 1.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.77. The firm’s fifty day moving average is $42.95 and its 200 day moving average is $47.87. Tecnoglass Inc. has a one year low of $37.52 and a one year high of $90.34.

Tecnoglass (NYSE:TGLS) last released its quarterly earnings results on Friday, May 8th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $249.01 million for the quarter, compared to analyst estimates of $243.00 million. Tecnoglass had a net margin of 14.77% and a return on equity of 21.51%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. On average, research analysts forecast that Tecnoglass Inc. will post 2.73 EPS for the current year.

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, March 31st. Tecnoglass’s dividend payout ratio (DPR) is currently 18.58%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. B. Riley Financial dropped their target price on shares of Tecnoglass from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. DA Davidson dropped their target price on shares of Tecnoglass from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Tecnoglass in a research report on Friday, April 10th. Zacks Research lowered shares of Tecnoglass from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Finally, Robert W. Baird dropped their target price on shares of Tecnoglass from $62.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.33.

Institutional Trading of Tecnoglass

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of Tecnoglass by 8.3% in the first quarter. Royal Bank of Canada now owns 3,121 shares of the company’s stock worth $224,000 after buying an additional 238 shares in the last quarter. Blue Chip Partners LLC lifted its stake in shares of Tecnoglass by 6.3% in the fourth quarter. Blue Chip Partners LLC now owns 4,250 shares of the company’s stock worth $214,000 after buying an additional 250 shares in the last quarter. First Horizon Corp lifted its stake in shares of Tecnoglass by 63.3% in the fourth quarter. First Horizon Corp now owns 673 shares of the company’s stock worth $34,000 after buying an additional 261 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Tecnoglass by 2.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 12,459 shares of the company’s stock worth $627,000 after buying an additional 295 shares in the last quarter. Finally, Arax Advisory Partners lifted its stake in shares of Tecnoglass by 128.4% in the fourth quarter. Arax Advisory Partners now owns 596 shares of the company’s stock worth $30,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 37.35% of the company’s stock.

About Tecnoglass

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company’s product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.