Neumeier Poma Investment Counsel LLC Has $19.33 Million Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Key Points

• Neumeier Poma Investment Counsel LLC reduced its holdings in Tecnoglass Inc. by 9.5%, owning 270,095 shares worth approximately $19.33 million, which is 2.1% of its investment portfolio.
• Tecnoglass reported $0.92 earnings per share (EPS) for the latest quarter, exceeding estimates and showing a 15.4% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.15 per share, resulting in an annualized yield of 0.8% and a dividend payout ratio of 16.22%.

Neumeier Poma Investment Counsel LLC lessened its holdings in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 9.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,095 shares of the company's stock after selling 28,455 shares during the period. Tecnoglass comprises 2.1% of Neumeier Poma Investment Counsel LLC's investment portfolio, making the stock its 23rd biggest holding. Neumeier Poma Investment Counsel LLC owned 0.57% of Tecnoglass worth $19,325,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TGLS. FMR LLC grew its position in Tecnoglass by 49.2% in the 4th 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 in the last quarter. Capital World Investors bought a new position in shares of Tecnoglass during the 4th quarter valued at approximately $23,530,000. Marshall Wace LLP bought a new position in shares of Tecnoglass during the 4th quarter valued at approximately $19,638,000. Invesco Ltd. grew its position in shares of Tecnoglass by 486.8% during the 4th quarter. Invesco Ltd. now owns 147,070 shares of the company's stock valued at $11,666,000 after acquiring an additional 122,006 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Tecnoglass during the 4th quarter valued at approximately $4,344,000. 37.35% of the stock is owned by institutional investors.

Tecnoglass Stock Performance

NASDAQ TGLS opened at $78.52 on Thursday. Tecnoglass Inc. has a 1 year low of $47.54 and a 1 year high of $90.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The stock has a market capitalization of $3.69 billion, a PE ratio of 24.54 and a beta of 1.85. The company's 50 day simple moving average is $78.72 and its two-hundred day simple moving average is $75.83.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) 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%. During the same period in the previous year, the firm posted $0.66 EPS. The firm's quarterly revenue was up 15.4% on a year-over-year basis. Analysts predict that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.15 per share. The ex-dividend date was Monday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. Tecnoglass's dividend payout ratio (DPR) is 16.22%.

Wall Street Analyst Weigh In

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

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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