Deutsche Bank AG Sells 1,792 Shares of Tecnoglass Inc. $TGLS

Deutsche Bank AG cut its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 9.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,434 shares of the company’s stock after selling 1,792 shares during the period. Deutsche Bank AG’s holdings in Tecnoglass were worth $1,176,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Tecnoglass by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 993,514 shares of the company’s stock worth $78,811,000 after purchasing an additional 14,369 shares during the period. Cooke & Bieler LP increased its stake in shares of Tecnoglass by 1.6% in the first quarter. Cooke & Bieler LP now owns 797,882 shares of the company’s stock worth $57,088,000 after purchasing an additional 12,642 shares during the period. Vanguard Group Inc. increased its stake in shares of Tecnoglass by 4.4% in the first quarter. Vanguard Group Inc. now owns 540,314 shares of the company’s stock worth $38,659,000 after purchasing an additional 22,879 shares during the period. Ensign Peak Advisors Inc increased its stake in shares of Tecnoglass by 12.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 243,856 shares of the company’s stock worth $19,343,000 after purchasing an additional 27,810 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Tecnoglass by 8.1% in the fourth quarter. Northern Trust Corp now owns 201,275 shares of the company’s stock worth $15,965,000 after purchasing an additional 15,162 shares during the period. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Stock Up 4.0%

NASDAQ TGLS opened at $72.8180 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. The stock’s 50 day moving average is $76.08 and its two-hundred day moving average is $75.38. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 22.76 and a beta of 1.85. Tecnoglass Inc. has a 1-year low of $58.24 and a 1-year high of $90.34.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share for the quarter, beating 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%.The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. Tecnoglass has set its FY 2025 guidance at EPS. Equities analysts forecast that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 30th. Tecnoglass’s payout ratio is presently 15.42%.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on Tecnoglass in a research note on Friday, May 16th. They issued a “buy” rating and a $100.00 price objective on the stock. One investment 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.00.

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.