Tecnoglass Inc. (NASDAQ:TGLS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $83.00.

Separately, B. Riley started coverage on Tecnoglass in a research report on Friday, May 16th. They issued a “buy” rating and a $100.00 price target on the stock.

Hedge Funds Weigh In On Tecnoglass

Hedge funds have recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of Tecnoglass by 32.2% in the 3rd quarter. Barclays PLC now owns 35,376 shares of the company’s stock worth $2,429,000 after buying an additional 8,613 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Tecnoglass in the 4th quarter valued at approximately $275,000. Polaris Capital Management LLC boosted its holdings in shares of Tecnoglass by 2.5% in the 4th quarter. Polaris Capital Management LLC now owns 860,964 shares of the company’s stock worth $68,292,000 after purchasing an additional 20,800 shares during the period. Legato Capital Management LLC raised its holdings in Tecnoglass by 109.2% during the 4th quarter. Legato Capital Management LLC now owns 9,790 shares of the company’s stock valued at $777,000 after buying an additional 5,110 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its position in Tecnoglass by 3.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company’s stock worth $784,000 after buying an additional 286 shares during the last quarter. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Trading Down 0.1%

Shares of TGLS stock opened at $88.33 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The business has a 50-day moving average of $76.84 and a 200 day moving average of $76.65. The stock has a market capitalization of $4.15 billion, a PE ratio of 27.60 and a beta of 1.84. Tecnoglass has a 1-year low of $40.94 and a 1-year high of $90.34.

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. Tecnoglass’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. As a group, sell-side analysts anticipate that Tecnoglass will post 3.53 earnings per share for the current year.

Tecnoglass Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.68%. Tecnoglass’s dividend payout ratio is presently 16.22%.

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.