Tecnoglass Inc. (NASDAQ:TGLS) Receives $83.00 Consensus PT from Analysts

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Three 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 analysts that have covered the stock in the last year is $83.00.

Separately, B. Riley started coverage on shares of Tecnoglass in a research note on Friday. They set a “buy” rating and a $100.00 price objective on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in Tecnoglass by 49.2% in the 4th quarter. FMR LLC now owns 5,412,322 shares of the company’s stock valued at $429,305,000 after buying an additional 1,785,602 shares during the last quarter. Wellington Management Group LLP grew its stake in Tecnoglass by 15.6% in the 1st quarter. Wellington Management Group LLP now owns 1,883,864 shares of the company’s stock valued at $134,790,000 after buying an additional 254,686 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Tecnoglass by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 993,514 shares of the company’s stock valued at $78,811,000 after buying an additional 14,369 shares during the last quarter. Polaris Capital Management LLC grew its stake in Tecnoglass by 2.5% in the 4th quarter. Polaris Capital Management LLC now owns 860,964 shares of the company’s stock valued at $68,292,000 after buying an additional 20,800 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Tecnoglass by 12.1% in the 1st quarter. American Century Companies Inc. now owns 816,166 shares of the company’s stock valued at $58,397,000 after buying an additional 87,791 shares during the last quarter. Institutional investors and hedge funds own 37.35% of the company’s stock.

Tecnoglass Stock Up 2.1%

Shares of TGLS stock opened at $86.14 on Friday. 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 has a 1 year low of $40.94 and a 1 year high of $89.36. The firm’s fifty day moving average price is $72.11 and its two-hundred day moving average price is $75.28. The firm has a market capitalization of $4.05 billion, a P/E ratio of 26.92 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. During the same period last year, the company posted $0.66 EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts predict that Tecnoglass will post 3.53 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

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

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.