Tecnoglass Inc. (NYSE:TGLS) Receives $63.33 Average Target Price from Analysts

Tecnoglass Inc. (NYSE:TGLS) has received an average recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $63.3333.

A number of research firms have recently commented on TGLS. Robert W. Baird decreased their target price on shares of Tecnoglass from $62.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday. DA Davidson dropped their price target on shares of Tecnoglass from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Tecnoglass in a report on Friday, April 10th. Zacks Research downgraded Tecnoglass from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, B. Riley Financial dropped their target price on Tecnoglass from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, March 6th.

Insider Buying and Selling at Tecnoglass

In related news, Director Anne Louise Carricarte acquired 1,100 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was bought at an average cost of $43.27 per share, with a total value of $47,597.00. Following the acquisition, the director directly owned 1,100 shares in the company, valued at approximately $47,597. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Holding Corp Energy purchased 107,629 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $45.11 per share, with a total value of $4,855,144.19. Following the completion of the purchase, the insider directly owned 20,731,985 shares of the company’s stock, valued at approximately $935,219,843.35. This represents a 0.52% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 522,995 shares of company stock worth $22,912,205 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Corp bought a new position in Tecnoglass during the 3rd quarter worth $28,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Tecnoglass in the 4th quarter worth about $28,000. Arax Advisory Partners increased its holdings in shares of Tecnoglass by 128.4% in the 4th quarter. Arax Advisory Partners now owns 596 shares of the company’s stock worth $30,000 after acquiring an additional 335 shares during the period. Federated Hermes Inc. lifted its position in Tecnoglass by 290.2% in the 3rd quarter. Federated Hermes Inc. now owns 597 shares of the company’s stock valued at $40,000 after purchasing an additional 444 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Tecnoglass by 223.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 637 shares of the company’s stock valued at $43,000 after purchasing an additional 440 shares during the period. 37.35% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Price Performance

TGLS stock opened at $44.04 on Tuesday. The firm has a market cap of $1.97 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 1.86. Tecnoglass has a 1 year low of $39.53 and a 1 year high of $90.34. The stock has a 50-day simple moving average of $45.28 and a 200-day simple moving average of $50.35.

Tecnoglass (NYSE:TGLS) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.21). Tecnoglass had a return on equity of 23.05% and a net margin of 16.22%.The company had revenue of $245.30 million for the quarter. During the same quarter in the previous year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that Tecnoglass will post 2.72 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, March 31st. Tecnoglass’s payout ratio is 17.54%.

Tecnoglass Company Profile

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company’s product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.