Tecnoglass (NASDAQ:TGLS - Free Report) had its target price trimmed by Robert W. Baird from $65.00 to $64.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.
Several other research analysts also recently weighed in on the company. DA Davidson reaffirmed a buy rating and set a $50.00 target price on shares of Tecnoglass in a research note on Monday, March 4th. Sidoti cut shares of Tecnoglass from a buy rating to a neutral rating and upped their price objective for the stock from $56.00 to $59.00 in a research report on Wednesday, May 1st. Stifel Nicolaus lowered shares of Tecnoglass from a buy rating to a hold rating and dropped their target price for the company from $48.00 to $45.00 in a research report on Wednesday, February 14th. Finally, B. Riley upped their price target on shares of Tecnoglass from $51.00 to $65.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $54.67.
View Our Latest Report on Tecnoglass
Tecnoglass Stock Performance
Shares of NASDAQ:TGLS traded down $3.45 during trading on Tuesday, hitting $51.67. 967,763 shares of the stock traded hands, compared to its average volume of 345,799. The company has a quick ratio of 1.60, a current ratio of 2.27 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $51.72 and a two-hundred day moving average price of $44.50. Tecnoglass has a 52-week low of $28.21 and a 52-week high of $59.76. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 13.22 and a beta of 1.79.
Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.05. Tecnoglass had a net margin of 21.95% and a return on equity of 38.92%. The company had revenue of $194.60 million during the quarter, compared to analysts' expectations of $199.93 million. As a group, equities analysts predict that Tecnoglass will post 3.7 EPS for the current year.
Tecnoglass Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. This is a boost from Tecnoglass's previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, March 27th. Tecnoglass's dividend payout ratio is 11.43%.
Hedge Funds Weigh In On Tecnoglass
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC purchased a new position in Tecnoglass in the 3rd quarter worth approximately $26,000. PNC Financial Services Group Inc. lifted its position in Tecnoglass by 27.7% during the third quarter. PNC Financial Services Group Inc. now owns 2,917 shares of the company's stock worth $96,000 after buying an additional 632 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in Tecnoglass during the fourth quarter worth $201,000. Clough Capital Partners L P acquired a new position in Tecnoglass during the third quarter worth $216,000. Finally, HBK Sorce Advisory LLC purchased a new stake in Tecnoglass in the 4th quarter valued at $234,000. 37.35% of the stock is currently owned by institutional investors and hedge funds.
Tecnoglass Company Profile
(
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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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