Nuveen LLC Invests $5.33 Million in Tecnoglass Inc. $TGLS

Nuveen LLC purchased a new position in Tecnoglass Inc. (NASDAQ:TGLS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 74,526 shares of the company’s stock, valued at approximately $5,332,000. Nuveen LLC owned about 0.16% of Tecnoglass at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TGLS. Wells Fargo & Company MN boosted its stake in shares of Tecnoglass by 57.7% in the 4th quarter. Wells Fargo & Company MN now owns 13,876 shares of the company’s stock valued at $1,101,000 after purchasing an additional 5,079 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Tecnoglass by 13.2% in the 4th quarter. Legal & General Group Plc now owns 4,180 shares of the company’s stock valued at $332,000 after purchasing an additional 487 shares in the last quarter. Barclays PLC boosted its stake in shares of Tecnoglass by 12.1% in the 4th quarter. Barclays PLC now owns 39,647 shares of the company’s stock valued at $3,145,000 after purchasing an additional 4,271 shares in the last quarter. Mariner LLC purchased a new stake in shares of Tecnoglass in the 4th quarter valued at $254,000. Finally, First Trust Advisors LP boosted its stake in shares of Tecnoglass by 55.7% in the 4th quarter. First Trust Advisors LP now owns 74,429 shares of the company’s stock valued at $5,904,000 after purchasing an additional 26,623 shares in the last quarter. Institutional investors own 37.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on shares of Tecnoglass in a research note on Friday, May 16th. They issued a “buy” rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

Tecnoglass Trading Down 0.6%

Shares of TGLS opened at $72.3470 on Tuesday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 22.61 and a beta of 1.85. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $75.95 and a two-hundred day simple moving average of $75.32. Tecnoglass Inc. has a twelve month low of $58.24 and a twelve month high of $90.34.

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

Tecnoglass Announces Dividend

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

Tecnoglass 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.