Holding Corp Energy Sells 1,432,120 Shares of Tecnoglass Inc. (NASDAQ:TGLS) Stock

Tecnoglass Inc. (NASDAQ:TGLS) major shareholder Holding Corp Energy sold 1,432,120 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total value of $104,573,402.40. Following the sale, the insider now directly owns 23,195,988 shares in the company, valued at $1,693,771,043.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tecnoglass Stock Down 0.1 %

Tecnoglass stock opened at $73.83 on Thursday. 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 stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 23.07 and a beta of 1.86. Tecnoglass Inc. has a 1-year low of $33.19 and a 1-year high of $80.51. The business has a fifty day moving average price of $69.57 and a 200-day moving average price of $58.76.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.11. The firm had revenue of $237.90 million during the quarter, compared to analysts’ expectations of $240.19 million. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Equities research analysts forecast that Tecnoglass Inc. will post 3.55 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.60%. Tecnoglass’s dividend payout ratio (DPR) is 13.75%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TGLS. Raymond James cut Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 22nd. DA Davidson increased their target price on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus increased their target price on Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Robert W. Baird increased their target price on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, B. Riley reaffirmed a “neutral” rating and set a $72.00 target price (up previously from $69.00) on shares of Tecnoglass in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tecnoglass has a consensus rating of “Hold” and a consensus target price of $77.40.

Hedge Funds Weigh In On Tecnoglass

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in Tecnoglass by 4,735.7% in the 3rd quarter. Signaturefd LLC now owns 677 shares of the company’s stock worth $46,000 after acquiring an additional 663 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Tecnoglass during the 2nd quarter valued at about $39,000. EntryPoint Capital LLC purchased a new position in shares of Tecnoglass during the 1st quarter valued at about $227,000. X Square Capital LLC raised its stake in shares of Tecnoglass by 5.7% during the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock valued at $219,000 after buying an additional 237 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in shares of Tecnoglass during the 2nd quarter valued at about $220,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

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.