Tecnoglass Inc. (NASDAQ:TGLS) Shares Acquired by Cooke & Bieler LP

Cooke & Bieler LP boosted its holdings in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 797,882 shares of the company's stock after purchasing an additional 12,642 shares during the quarter. Cooke & Bieler LP owned about 1.70% of Tecnoglass worth $57,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGLS. FMR LLC boosted its holdings in Tecnoglass by 49.2% in the fourth quarter. FMR LLC now owns 5,412,322 shares of the company's stock worth $429,305,000 after purchasing an additional 1,785,602 shares during the last quarter. Capital World Investors purchased a new stake in Tecnoglass in the fourth quarter worth approximately $23,530,000. Marshall Wace LLP purchased a new stake in Tecnoglass in the fourth quarter worth approximately $19,638,000. Invesco Ltd. boosted its holdings in Tecnoglass by 486.8% in the fourth quarter. Invesco Ltd. now owns 147,070 shares of the company's stock worth $11,666,000 after purchasing an additional 122,006 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Tecnoglass in the fourth quarter worth approximately $4,344,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on shares of Tecnoglass in a research report on Friday, May 16th. They set a "buy" rating and a $100.00 price objective on the stock. Four investment 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 presently has an average rating of "Moderate Buy" and an average target price of $83.00.

Tecnoglass Stock Down 0.4%

Shares of NASDAQ TGLS traded down $0.32 during trading hours on Friday, hitting $74.99. 167,279 shares of the stock were exchanged, compared to its average volume of 335,132. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.52 billion, a PE ratio of 23.44 and a beta of 1.78. The firm has a fifty day moving average price of $80.94 and a 200-day moving average price of $75.83. 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 released its earnings results on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, topping 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%. The business's revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, sell-side analysts expect that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. Tecnoglass's payout ratio is currently 16.22%.

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.