Tecnoglass (NASDAQ:TGLS) Sees Large Volume Increase – Should You Buy?

Tecnoglass Inc. (NASDAQ:TGLS) shares saw an uptick in trading volume on Monday . 247,912 shares traded hands during trading, a decline of 2% from the previous session’s volume of 253,158 shares.The stock last traded at $74.66 and had previously closed at $84.47.

Wall Street Analyst Weigh In

A number of research firms have commented on TGLS. Raymond James lowered Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. DA Davidson boosted their target price on shares of Tecnoglass from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Sidoti cut shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research note on Tuesday, October 22nd. B. Riley reissued a “neutral” rating and issued a $72.00 target price (up from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Finally, StockNews.com started coverage on Tecnoglass in a report on Saturday, December 14th. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $77.40.

Tecnoglass Price Performance

The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 24.51 and a beta of 1.90. The company has a 50-day simple moving average of $80.34 and a two-hundred day simple moving average of $69.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.11. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The company had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. During the same period in the previous year, the business earned $0.98 EPS. Tecnoglass’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, equities research analysts forecast that Tecnoglass Inc. will post 3.55 EPS for the current year.

Tecnoglass Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This is a boost from Tecnoglass’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 0.76%. Tecnoglass’s dividend payout ratio (DPR) is presently 18.75%.

Insider Buying and Selling

In related news, major shareholder Holding Corp Energy sold 1,432,120 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total value of $104,573,402.40. Following the transaction, the insider now owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. This trade represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julio A. Torres sold 30,520 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total transaction of $2,222,771.60. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Institutional Trading of Tecnoglass

Several large investors have recently bought and sold shares of TGLS. USA Financial Formulas bought a new stake in shares of Tecnoglass during the fourth quarter worth $26,000. Signaturefd LLC grew its position in Tecnoglass by 4,735.7% during the 3rd quarter. Signaturefd LLC now owns 677 shares of the company’s stock worth $46,000 after acquiring an additional 663 shares during the last quarter. Amalgamated Bank acquired a new position in Tecnoglass in the 2nd quarter worth about $39,000. R Squared Ltd bought a new position in Tecnoglass in the fourth quarter valued at about $70,000. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of Tecnoglass during the fourth quarter worth about $222,000. 37.35% of the stock is owned by institutional investors and hedge funds.

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.