Tecnoglass (NYSE:TGLS) Shares Up 7.9% – Should You Buy?

Tecnoglass Inc. (NYSE:TGLS) traded up 7.9% on Thursday . The company traded as high as $51.42 and last traded at $51.7340. Approximately 98,849 shares were traded during trading, a decline of 69% from the average session volume of 317,680 shares. The stock had previously closed at $47.94.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of Tecnoglass from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tecnoglass in a research report on Monday, December 22nd. Finally, DA Davidson dropped their target price on Tecnoglass from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.00.

Tecnoglass Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.98. The stock has a market cap of $2.41 billion, a PE ratio of 13.47, a P/E/G ratio of 0.56 and a beta of 1.71. The business has a fifty day moving average of $50.67.

Tecnoglass (NYSE:TGLS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). Tecnoglass had a net margin of 18.46% and a return on equity of 26.64%. Tecnoglass’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 EPS.

Tecnoglass Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Tecnoglass’s dividend payout ratio (DPR) is currently 15.58%.

Institutional Trading of Tecnoglass

Hedge funds have recently made changes to their positions in the business. Capital World Investors increased its position in Tecnoglass by 6.2% during the 3rd quarter. Capital World Investors now owns 1,794,272 shares of the company’s stock worth $120,055,000 after purchasing an additional 104,132 shares during the period. First Trust Advisors LP lifted its position in Tecnoglass by 3.1% during the third quarter. First Trust Advisors LP now owns 1,026,970 shares of the company’s stock valued at $68,715,000 after buying an additional 30,834 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Tecnoglass by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,022,566 shares of the company’s stock valued at $68,423,000 after buying an additional 14,432 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Tecnoglass by 9.6% in the third quarter. American Century Companies Inc. now owns 1,022,101 shares of the company’s stock worth $68,389,000 after acquiring an additional 89,175 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Tecnoglass by 2.2% during the 3rd quarter. William Blair Investment Management LLC now owns 937,463 shares of the company’s stock valued at $62,726,000 after acquiring an additional 20,071 shares in the last quarter. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

About Tecnoglass

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.