Ensign Peak Advisors Inc Raises Stake in Tecnoglass Inc. (NASDAQ:TGLS)

Ensign Peak Advisors Inc boosted its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 12.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 243,856 shares of the company's stock after buying an additional 27,810 shares during the quarter. Ensign Peak Advisors Inc owned 0.52% of Tecnoglass worth $19,343,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in shares of Tecnoglass during the fourth quarter worth $26,000. R Squared Ltd purchased a new position in shares of Tecnoglass during the 4th quarter valued at about $70,000. Signaturefd LLC lifted its holdings in shares of Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after buying an additional 221 shares during the period. Covestor Ltd lifted its holdings in shares of Tecnoglass by 6,293.8% in the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after buying an additional 1,007 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of Tecnoglass by 18.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after buying an additional 170 shares during the last quarter. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Stock Down 0.4%

Shares of TGLS stock opened at $81.64 on Monday. Tecnoglass Inc. has a twelve month low of $40.94 and a twelve month high of $86.99. The stock has a market cap of $3.84 billion, a P/E ratio of 25.51 and a beta of 1.85. The stock has a 50 day moving average of $70.15 and a 200 day moving average of $74.70. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. During the same quarter last year, the business posted $0.66 earnings per share. The business's revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts expect that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Monday, March 31st. Tecnoglass's payout ratio is currently 17.49%.

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.

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