Cookson Peirce & Co. Inc. Acquires 4,053 Shares of Tecnoglass Inc. $TGLS

Key Points

• Cookson Peirce & Co. Inc. increased its stake in Tecnoglass Inc. by 33.1%, owning 16,289 shares valued at approximately $1.165 million after purchasing an additional 4,053 shares.
• Tecnoglass reported an EPS of $1.03 for the most recent quarter, exceeding analysts' estimates of $0.96, and demonstrated a 16.3% revenue growth year-over-year.
• A quarterly dividend of $0.15 was recently paid to Tecnoglass stockholders, marking an annualized dividend yield of 0.8% with a payout ratio of 15.42%.

Cookson Peirce & Co. Inc. raised its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 33.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,289 shares of the company's stock after buying an additional 4,053 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Tecnoglass were worth $1,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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. New Age Alpha Advisors LLC acquired a new position in Tecnoglass during the first quarter valued at approximately $38,000. Summit Investment Advisors Inc. grew its holdings 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 purchasing an additional 149 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Tecnoglass in the first quarter valued at approximately $200,000. Finally, Farringdon Capital Ltd. bought a new position in Tecnoglass in the fourth quarter worth $222,000. 37.35% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Trading Down 6.9%

Tecnoglass stock traded down $5.49 during trading hours on Friday, hitting $73.58. The stock had a trading volume of 633,875 shares, compared to its average volume of 359,703. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 22.99 and a beta of 1.85. The business's 50 day simple moving average is $77.52 and its 200-day simple moving average is $75.52. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. Tecnoglass Inc. has a one year low of $58.03 and a one year high of $90.34.

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

Tecnoglass Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on Tecnoglass in a research note on Friday, May 16th. They set a "buy" rating and a $100.00 price objective for the company. Three research 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. According to data from MarketBeat.com, Tecnoglass has a consensus rating of "Moderate Buy" and a consensus 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.