Nuveen LLC Purchases Shares of 74,526 Tecnoglass Inc. $TGLS

Key Points

• Nuveen LLC has invested $5.33 million in Tecnoglass Inc., purchasing 74,526 shares during the first quarter, representing approximately 0.16% of the company's stock.
• B. Riley issued a "buy" rating with a price target of $100.00 for Tecnoglass, contributing to a consensus rating of "Moderate Buy" among analysts.
• Tecnoglass reported a 16.3% year-over-year revenue increase and a net margin of 17.82%, with an EPS of $1.03, exceeding estimates.

Nuveen LLC bought a new stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 74,526 shares of the company's stock, valued at approximately $5,332,000. Nuveen LLC owned approximately 0.16% of Tecnoglass at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Tecnoglass by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 993,514 shares of the company's stock valued at $78,811,000 after acquiring an additional 14,369 shares in the last quarter. Cooke & Bieler LP boosted its position in Tecnoglass by 1.6% during the 1st quarter. Cooke & Bieler LP now owns 797,882 shares of the company's stock valued at $57,088,000 after acquiring an additional 12,642 shares in the last quarter. Vanguard Group Inc. boosted its position in Tecnoglass by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 540,314 shares of the company's stock valued at $38,659,000 after acquiring an additional 22,879 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in Tecnoglass by 12.9% during the 4th quarter. Ensign Peak Advisors Inc now owns 243,856 shares of the company's stock valued at $19,343,000 after acquiring an additional 27,810 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Tecnoglass by 8.1% during the 4th quarter. Northern Trust Corp now owns 201,275 shares of the company's stock valued at $15,965,000 after acquiring an additional 15,162 shares in the last quarter. Institutional investors own 37.35% of the company's stock.

Tecnoglass Stock Up 0.0%

TGLS stock traded up $0.03 on Friday, hitting $72.60. 303,138 shares of the company's stock were exchanged, compared to its average volume of 369,320. Tecnoglass Inc. has a 12-month low of $58.24 and a 12-month high of $90.34. The firm has a 50 day moving average price of $75.76 and a two-hundred day moving average price of $75.25. 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 stock has a market cap of $3.41 billion, a P/E ratio of 22.69 and a beta of 1.87.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.86 EPS. The company's revenue for the quarter was up 16.3% compared to the same quarter last year. Tecnoglass has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Tecnoglass Inc. will post 3.53 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

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

Analyst Ratings Changes

Separately, B. Riley began coverage on Tecnoglass in a research report on Friday, May 16th. They set a "buy" rating and a $100.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.