Tecnoglass (NASDAQ:TGLS) Price Target Raised to $76.00 at Robert W. Baird

Tecnoglass (NASDAQ:TGLS) had its price objective boosted by Robert W. Baird from $68.00 to $76.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus raised their price target on shares of Tecnoglass from $50.00 to $59.00 and gave the company a hold rating in a report on Friday, August 9th. DA Davidson raised their price target on shares of Tecnoglass from $60.00 to $65.00 and gave the company a buy rating in a report on Tuesday, August 13th. Finally, Sidoti upgraded shares of Tecnoglass from a neutral rating to a buy rating and set a $68.00 price target on the stock in a report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $62.17.

Tecnoglass Trading Up 1.2 %

NASDAQ TGLS opened at $67.57 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.43. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 19.47 and a beta of 1.86. The company’s 50-day simple moving average is $57.15 and its two-hundred day simple moving average is $53.25. Tecnoglass has a one year low of $28.21 and a one year high of $68.67.

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Thursday, August 8th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The business had revenue of $219.65 million for the quarter, compared to the consensus estimate of $219.29 million. During the same quarter last year, the firm posted $1.12 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts forecast that Tecnoglass will post 3.42 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Monday, September 30th. Tecnoglass’s dividend payout ratio (DPR) is presently 12.68%.

Institutional Trading of Tecnoglass

A number of institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new stake in Tecnoglass in the 2nd quarter worth approximately $1,964,000. The Manufacturers Life Insurance Company acquired a new stake in Tecnoglass during the 2nd quarter valued at approximately $589,000. Dark Forest Capital Management LP lifted its stake in Tecnoglass by 28.6% during the 2nd quarter. Dark Forest Capital Management LP now owns 12,542 shares of the company’s stock valued at $629,000 after acquiring an additional 2,789 shares during the period. Ensign Peak Advisors Inc lifted its stake in Tecnoglass by 219.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 218,189 shares of the company’s stock valued at $10,949,000 after acquiring an additional 149,933 shares during the period. Finally, Amalgamated Bank acquired a new stake in Tecnoglass during the 2nd quarter valued at approximately $39,000. 37.35% of the stock is currently 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.