Tecnoglass Inc. (NASDAQ:TGLS) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 50.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,226 shares of the company's stock after acquiring an additional 6,127 shares during the quarter. Deutsche Bank AG's holdings in Tecnoglass were worth $1,446,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TGLS. Barclays PLC increased its position in Tecnoglass by 32.2% during the third quarter. Barclays PLC now owns 35,376 shares of the company's stock worth $2,429,000 after purchasing an additional 8,613 shares during the last quarter. Jump Financial LLC acquired a new position in Tecnoglass during the fourth quarter worth $975,000. JPMorgan Chase & Co. boosted its position in shares of Tecnoglass by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company's stock worth $1,321,000 after buying an additional 1,146 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Tecnoglass in the fourth quarter valued at $265,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Tecnoglass in the 4th quarter valued at $4,344,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Price Performance

Shares of NASDAQ:TGLS traded down $0.41 during trading on Thursday, hitting $86.04. 259,167 shares of the stock were exchanged, compared to its average volume of 371,245. The company has a fifty day moving average price of $74.86 and a two-hundred day moving average price of $76.07. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.04 billion, a PE ratio of 26.89 and a beta of 1.85. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month high of $89.36.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.92 earnings per share 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%. The business's quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 earnings per share. On average, analysts forecast that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, March 31st. Tecnoglass's dividend payout ratio is currently 16.22%.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on Tecnoglass in a report on Friday, May 16th. They issued a "buy" rating and a $100.00 target price for the company. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

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.