Cooke & Bieler LP Has $57.09 Million Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Cooke & Bieler LP raised its holdings in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 797,882 shares of the company's stock after acquiring an additional 12,642 shares during the quarter. Cooke & Bieler LP owned 1.70% of Tecnoglass worth $57,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its stake in Tecnoglass by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company's stock valued at $186,000 after buying an additional 149 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Tecnoglass by 18.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock valued at $86,000 after buying an additional 170 shares in the last quarter. Signaturefd LLC lifted its stake in Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after buying an additional 221 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Tecnoglass by 1.2% during the first quarter. Principal Financial Group Inc. now owns 26,982 shares of the company's stock valued at $1,931,000 after buying an additional 331 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in Tecnoglass by 1,350.0% during the first quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock valued at $31,000 after buying an additional 405 shares in the last quarter. 37.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on shares of Tecnoglass in a research report on Friday, May 16th. They issued a "buy" rating and a $100.00 price target for the company. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tecnoglass currently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Tecnoglass Stock Up 1.5%

Shares of NASDAQ TGLS traded up $1.11 during mid-day trading on Thursday, reaching $75.48. The company had a trading volume of 152,779 shares, compared to its average volume of 335,375. The stock has a fifty day moving average of $81.07 and a two-hundred day moving average of $75.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 23.59 and a beta of 1.78. Tecnoglass Inc. has a 12-month low of $46.47 and a 12-month high of $90.34.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period last year, the business earned $0.66 earnings per share. The firm's revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts expect that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.15 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. Tecnoglass's dividend payout ratio is currently 16.22%.

Tecnoglass 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.