Vanguard Group Inc. Purchases 22,879 Shares of Tecnoglass Inc. $TGLS

Key Points

• Vanguard Group Inc. increased its holdings in Tecnoglass Inc. by 4.4% during Q1, owning approximately 1.15% of the company, valued at $38.65 million.
• Tecnoglass reported $1.03 earnings per share for the recent quarter, exceeding analysts' expectations and showing a 16.3% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.15 per share, representing an annualized yield of 0.8%.

Vanguard Group Inc. lifted its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 540,314 shares of the company's stock after buying an additional 22,879 shares during the quarter. Vanguard Group Inc. owned about 1.15% of Tecnoglass worth $38,659,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC increased its position in shares of Tecnoglass by 1,350.0% during the first 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 acquired a new stake in shares of Tecnoglass during the first quarter worth $38,000. SkyOak Wealth LLC acquired a new stake in shares of Tecnoglass during the first quarter worth $244,000. Mariner LLC acquired a new stake in shares of Tecnoglass during the fourth quarter worth $254,000. Finally, Hsbc Holdings PLC acquired a new stake in Tecnoglass in the fourth quarter worth $272,000. 37.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on shares of Tecnoglass in a report on Friday, May 16th. They issued a "buy" rating and a $100.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.00.

Tecnoglass Stock Up 0.0%

NASDAQ:TGLS traded up $0.03 during trading hours on Monday, reaching $72.60. The company had a trading volume of 303,138 shares, compared to its average volume of 369,320. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 22.69 and a beta of 1.87. The business's 50-day simple moving average is $75.76 and its two-hundred day simple moving average is $75.25. Tecnoglass Inc. has a twelve month low of $58.24 and a twelve month high of $90.34.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates 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 business earned $0.86 EPS. Tecnoglass's revenue was up 16.3% compared to the same quarter last year. Tecnoglass has set its FY 2025 guidance at EPS. On average, equities analysts expect that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 30th. Tecnoglass's dividend payout ratio (DPR) is 15.42%.

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.