Analysts Set Tecnoglass Inc. (NASDAQ:TGLS) PT at $54.00

Tecnoglass Inc. (NASDAQ:TGLS) has received an average rating of “Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $54.00.

Several research analysts have recently commented on the stock. B. Riley raised their price objective on shares of Tecnoglass from $51.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Stifel Nicolaus downgraded shares of Tecnoglass from a “buy” rating to a “hold” rating and decreased their price target for the stock from $48.00 to $45.00 in a research note on Wednesday, February 14th. DA Davidson reiterated a “buy” rating and issued a $50.00 price target on shares of Tecnoglass in a research note on Monday, March 4th. Finally, Robert W. Baird lifted their price target on shares of Tecnoglass from $56.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th.

Tecnoglass Trading Down 0.1 %

Shares of TGLS stock opened at $55.90 on Thursday. The company has a 50-day moving average of $49.74 and a two-hundred day moving average of $43.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.27 and a quick ratio of 1.60. Tecnoglass has a 1-year low of $28.21 and a 1-year high of $59.76. The firm has a market cap of $2.63 billion, a PE ratio of 14.52 and a beta of 1.80.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.75 by $0.05. Tecnoglass had a net margin of 21.95% and a return on equity of 38.92%. The business had revenue of $194.60 million during the quarter, compared to analyst estimates of $199.93 million. On average, analysts predict that Tecnoglass will post 3.7 EPS for the current year.

Tecnoglass Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. This is a boost from Tecnoglass’s previous quarterly dividend of $0.09. Tecnoglass’s dividend payout ratio (DPR) is presently 11.43%.

Institutional Trading of Tecnoglass

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd raised its holdings in Tecnoglass by 82.6% during the third quarter. Qube Research & Technologies Ltd now owns 183,119 shares of the company’s stock worth $6,036,000 after purchasing an additional 82,833 shares in the last quarter. Wellington Management Group LLP raised its holdings in Tecnoglass by 21.6% during the third quarter. Wellington Management Group LLP now owns 398,917 shares of the company’s stock worth $13,148,000 after purchasing an additional 70,900 shares in the last quarter. Impax Asset Management Group plc acquired a new stake in Tecnoglass during the third quarter worth approximately $3,296,000. Seven Eight Capital LP increased its holdings in shares of Tecnoglass by 207.6% in the 3rd quarter. Seven Eight Capital LP now owns 37,663 shares of the company’s stock valued at $1,241,000 after acquiring an additional 25,420 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Tecnoglass by 84.6% in the 3rd quarter. American Century Companies Inc. now owns 2,105,685 shares of the company’s stock valued at $69,403,000 after acquiring an additional 965,316 shares during the period. Institutional investors and hedge funds own 37.35% of the company’s stock.

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.