Tecnoglass (NASDAQ:TGLS) Trading Up 4.7%

Shares of Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) rose 4.7% during mid-day trading on Tuesday . The company traded as high as $58.33 and last traded at $58.07. Approximately 112,564 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 329,751 shares. The stock had previously closed at $55.44.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. B. Riley boosted their price target on Tecnoglass from $51.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday. Stifel Nicolaus downgraded shares of Tecnoglass from a "buy" rating to a "hold" rating and dropped their target price for the stock from $48.00 to $45.00 in a research report on Wednesday, February 14th. Finally, DA Davidson reissued a "buy" rating and set a $50.00 price target on shares of Tecnoglass in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.80.

Tecnoglass Trading Up 5.3 %

The business's fifty day simple moving average is $47.83 and its 200 day simple moving average is $41.45. The stock has a market cap of $2.74 billion, a P/E ratio of 15.16 and a beta of 1.80. The company has a current ratio of 2.27, a quick ratio of 1.60 and a debt-to-equity ratio of 0.30.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.05. The business had revenue of $194.60 million during the quarter, compared to the consensus estimate of $199.93 million. Tecnoglass had a net margin of 21.95% and a return on equity of 38.92%. As a group, analysts expect that Tecnoglass Inc. will post 3.7 EPS for the current year.

Tecnoglass Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Tecnoglass's previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.75%. Tecnoglass's dividend payout ratio (DPR) is presently 11.43%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd lifted its position in Tecnoglass by 82.6% during the third quarter. Qube Research & Technologies Ltd now owns 183,119 shares of the company's stock worth $6,036,000 after purchasing an additional 82,833 shares during the period. Wellington Management Group LLP raised its stake in Tecnoglass by 21.6% during the third quarter. Wellington Management Group LLP now owns 398,917 shares of the company's stock worth $13,148,000 after buying an additional 70,900 shares during the last quarter. Impax Asset Management Group plc bought a new stake in Tecnoglass in the third quarter worth approximately $3,296,000. Seven Eight Capital LP increased its stake in Tecnoglass by 207.6% in the third quarter. Seven Eight Capital LP now owns 37,663 shares of the company's stock valued at $1,241,000 after purchasing an additional 25,420 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Tecnoglass by 84.6% during the 3rd quarter. American Century Companies Inc. now owns 2,105,685 shares of the company's stock worth $69,403,000 after buying an additional 965,316 shares during the period. 37.35% of the stock is currently owned by institutional investors and hedge funds.

About Tecnoglass

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.