Tecnoglass Inc. (NASDAQ:TGLS) is Riverwater Partners LLC's 6th Largest Position

Riverwater Partners LLC lessened its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 6.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,349 shares of the company's stock after selling 4,221 shares during the quarter. Tecnoglass makes up 2.1% of Riverwater Partners LLC's portfolio, making the stock its 6th biggest position. Riverwater Partners LLC owned 0.12% of Tecnoglass worth $4,103,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Tecnoglass by 49.2% during the fourth quarter. FMR LLC now owns 5,412,322 shares of the company's stock valued at $429,305,000 after acquiring an additional 1,785,602 shares in the last quarter. Capital World Investors bought a new position in shares of Tecnoglass during the fourth quarter valued at $23,530,000. Marshall Wace LLP bought a new position in shares of Tecnoglass during the fourth quarter valued at $19,638,000. Invesco Ltd. increased its holdings in shares of Tecnoglass by 486.8% during the fourth 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 in the last quarter. Finally, one8zero8 LLC bought a new stake in Tecnoglass in the 4th quarter worth about $8,021,000. Institutional investors own 37.35% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Tecnoglass in a report on Friday, May 16th. They issued a "buy" rating and a $100.00 price objective for the company. Four equities research 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. According to data from MarketBeat, Tecnoglass presently has a consensus rating of "Moderate Buy" and an average price target of $83.00.

Tecnoglass Stock Performance

Shares of TGLS stock traded up $0.96 during trading hours on Monday, reaching $74.43. 469,049 shares of the company traded hands, compared to its average volume of 364,566. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month 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 company has a market cap of $3.50 billion, a P/E ratio of 23.26 and a beta of 1.84. The firm has a 50-day moving average price of $79.28 and a 200 day moving average price of $76.56.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The company's revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, sell-side analysts predict that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Monday, June 30th. Tecnoglass's payout ratio is 16.22%.

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.