Tecnoglass Inc. $TGLS Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 49.1% during the 1st quarter, Holdings Channel reports. The firm owned 65,212 shares of the company’s stock after buying an additional 21,483 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Tecnoglass were worth $4,666,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Silvercrest Asset Management Group LLC purchased a new position in shares of Tecnoglass in the fourth quarter valued at approximately $4,239,000. EntryPoint Capital LLC lifted its position in shares of Tecnoglass by 178.8% in the first quarter. EntryPoint Capital LLC now owns 7,144 shares of the company’s stock valued at $511,000 after acquiring an additional 4,582 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Tecnoglass by 5,771.4% in the first quarter. GAMMA Investing LLC now owns 17,673 shares of the company’s stock valued at $1,265,000 after acquiring an additional 17,372 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Tecnoglass by 4.4% in the first quarter. Vanguard Group Inc. now owns 540,314 shares of the company’s stock valued at $38,659,000 after acquiring an additional 22,879 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of Tecnoglass by 69.4% in the first quarter. Jump Financial LLC now owns 20,825 shares of the company’s stock valued at $1,490,000 after acquiring an additional 8,534 shares in the last quarter. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on Tecnoglass in a research report on Friday, May 16th. They issued a “buy” rating and a $100.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Tecnoglass Stock Performance

Shares of Tecnoglass stock opened at $73.59 on Friday. Tecnoglass Inc. has a one year low of $59.77 and a one year high of $90.34. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 23.00 and a beta of 1.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The business’s 50 day moving average price is $74.93 and its 200 day moving average price is $75.16.

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

Tecnoglass Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. Tecnoglass’s dividend payout ratio (DPR) is presently 15.42%.

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.