Strs Ohio Buys Shares of 3,900 Tecnoglass Inc. $TGLS

Key Points

• Strs Ohio acquired 3,900 shares of Tecnoglass Inc., valued at approximately $279,000, according to a recent 13F filing with the SEC.
• Tecnoglass reported better-than-expected earnings with an EPS of $1.03 for the last quarter, exceeding the consensus estimate of $0.96.
• The company announced a quarterly dividend of $0.15 per share, set to be paid on October 31st, with a current annualized yield of 0.9%.

Strs Ohio bought a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,900 shares of the company's stock, valued at approximately $279,000.

A number of other hedge funds also recently bought and sold shares of TGLS. JFS Wealth Advisors LLC increased its stake in Tecnoglass by 1,350.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock worth $31,000 after buying an additional 405 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Tecnoglass in the 1st quarter valued at about $38,000. Entropy Technologies LP purchased a new stake in Tecnoglass during the 1st quarter worth approximately $200,000. Royal Bank of Canada raised its stake in Tecnoglass by 8.3% in the 1st quarter. Royal Bank of Canada now owns 3,121 shares of the company's stock worth $224,000 after acquiring an additional 238 shares during the last quarter. Finally, SkyOak Wealth LLC acquired a new stake in Tecnoglass during the 1st quarter valued at approximately $244,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Price Performance

Shares of NASDAQ TGLS opened at $67.11 on Thursday. The firm has a market cap of $3.15 billion, a PE ratio of 20.97 and a beta of 1.87. The firm has a fifty day moving average of $73.87 and a 200 day moving average of $75.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. Tecnoglass Inc. has a one year low of $60.25 and a one year high of $90.34.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.96 by $0.07. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. During the same period last year, the firm posted $0.86 earnings per share. The business's revenue was up 16.3% compared to the same quarter last year. Tecnoglass has set its FY 2025 guidance at EPS. As a group, research analysts predict that Tecnoglass Inc. will post 3.53 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. Tecnoglass's dividend payout ratio is presently 15.42%.

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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