Tecnoglass Inc. (NASDAQ:TGLS) Receives $67.33 Consensus Target Price from Brokerages

Tecnoglass Inc. (NASDAQ:TGLS) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $67.33.

Several research analysts have recently weighed in on TGLS shares. Stifel Nicolaus lifted their price target on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. DA Davidson lifted their target price on Tecnoglass from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Robert W. Baird boosted their price target on Tecnoglass from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Sidoti downgraded Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research note on Tuesday, October 22nd. Finally, B. Riley reiterated a “neutral” rating and set a $72.00 price objective (up from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th.

Institutional Trading of Tecnoglass

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. William Blair Investment Management LLC boosted its stake in Tecnoglass by 232.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,614,780 shares of the company’s stock worth $84,017,000 after purchasing an additional 1,129,603 shares during the period. Ensign Peak Advisors Inc lifted its holdings in shares of Tecnoglass by 219.7% in the second quarter. Ensign Peak Advisors Inc now owns 218,189 shares of the company’s stock worth $10,949,000 after buying an additional 149,933 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Tecnoglass by 12.3% during the second quarter. Dimensional Fund Advisors LP now owns 884,527 shares of the company’s stock worth $44,385,000 after acquiring an additional 96,602 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Tecnoglass in the 2nd quarter valued at $3,929,000. Finally, Impax Asset Management Group plc lifted its stake in Tecnoglass by 65.0% in the 3rd quarter. Impax Asset Management Group plc now owns 165,000 shares of the company’s stock worth $11,329,000 after purchasing an additional 65,000 shares in the last quarter. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Stock Up 0.0 %

Tecnoglass stock opened at $70.29 on Monday. The stock has a market cap of $3.30 billion, a PE ratio of 22.53 and a beta of 1.86. 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 stock has a fifty day moving average of $68.22 and a 200 day moving average of $58.09. Tecnoglass has a one year low of $29.55 and a one year high of $80.51.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $219.65 million for the quarter, compared to analysts’ expectations of $219.29 million. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 EPS. As a group, sell-side analysts predict that Tecnoglass will post 3.46 EPS for the current year.

Tecnoglass Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Monday, September 30th. Tecnoglass’s dividend payout ratio (DPR) is 14.10%.

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.