American Century Companies Inc. Raises Holdings in Tecnoglass Inc. $TGLS

Key Points

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American Century Companies Inc. increased its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 12.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 816,166 shares of the company's stock after buying an additional 87,791 shares during the quarter. American Century Companies Inc. owned about 1.74% of Tecnoglass worth $58,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Tecnoglass by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 993,514 shares of the company's stock worth $78,811,000 after buying an additional 14,369 shares during the period. Cooke & Bieler LP boosted its position in Tecnoglass by 1.6% during the 1st quarter. Cooke & Bieler LP now owns 797,882 shares of the company's stock worth $57,088,000 after purchasing an additional 12,642 shares during the period. Vanguard Group Inc. boosted its position in Tecnoglass by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 540,314 shares of the company's stock worth $38,659,000 after purchasing an additional 22,879 shares during the period. Capital World Investors purchased a new stake in Tecnoglass during the 4th quarter worth $23,530,000. Finally, Ensign Peak Advisors Inc boosted its position in Tecnoglass by 12.9% during the 4th quarter. Ensign Peak Advisors Inc now owns 243,856 shares of the company's stock worth $19,343,000 after purchasing an additional 27,810 shares during the period. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Stock Down 0.0%

Shares of Tecnoglass stock opened at $73.11 on Tuesday. The company has a fifty day moving average price of $77.22 and a 200 day moving average price of $75.50. 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 Inc. has a twelve month low of $58.17 and a twelve month high of $90.34. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 22.85 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.07. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The company's quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. Equities research analysts forecast that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 30th. Tecnoglass's dividend payout ratio is presently 15.42%.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on shares of Tecnoglass in a research report on Friday, May 16th. They set a "buy" rating and a $100.00 price target for the company. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $89.00.

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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