Zuckerman Investment Group LLC Invests $286,000 in Tecnoglass Inc. $TGLS

Key Points

• Zuckerman Investment Group LLC acquired a new stake in Tecnoglass Inc. by purchasing 4,000 shares valued at approximately $286,000 in the 1st quarter.
• Tecnoglass has shown strong financial performance, reporting an EPS of $1.03 which beats analyst expectations, alongside a 16.3% increase in quarterly revenue compared to last year.
• The company recently announced a quarterly dividend of $0.15, reflecting an annualized yield of 0.8% with a low payout ratio of 15.42%.

Zuckerman Investment Group LLC bought a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,000 shares of the company's stock, valued at approximately $286,000.

Other institutional investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew 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 purchasing an additional 405 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Tecnoglass during the first quarter worth about $38,000. Entropy Technologies LP purchased a new stake in shares of Tecnoglass during the first quarter worth about $200,000. SkyOak Wealth LLC purchased a new stake in shares of Tecnoglass during the first quarter worth about $244,000. Finally, Mariner LLC bought a new position in Tecnoglass during the fourth quarter valued at approximately $254,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

Wall Street Analysts Forecast Growth

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

Tecnoglass Trading Up 0.0%

Shares of NASDAQ:TGLS traded up $0.03 during trading on Friday, hitting $72.60. The company had a trading volume of 303,138 shares, compared to its average volume of 369,320. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 22.69 and a beta of 1.85. Tecnoglass Inc. has a one year low of $58.24 and a one year high of $90.34. The company has a fifty day simple moving average of $75.76 and a two-hundred day simple moving average of $75.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share (EPS) for the quarter, beating 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%.Tecnoglass's quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. Tecnoglass has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Tecnoglass Inc. will post 3.53 earnings per share for the current 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend 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 presently 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.