Tecnoglass (NASDAQ:TGLS) Trading Up 2.8%

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report)'s stock price was up 2.8% on Monday . The stock traded as high as $59.62 and last traded at $59.28. Approximately 386,931 shares traded hands during trading, an increase of 12% from the average daily volume of 344,591 shares. The stock had previously closed at $57.67.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TGLS shares. B. Riley lifted their target price on shares of Tecnoglass from $51.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, April 9th. DA Davidson reissued a "buy" rating and issued a $50.00 price target on shares of Tecnoglass in a report on Monday, March 4th. Finally, Stifel Nicolaus lowered shares of Tecnoglass from a "buy" rating to a "hold" rating and cut their price target for the stock from $48.00 to $45.00 in a report on Wednesday, February 14th. Two 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, the company currently has an average rating of "Moderate Buy" and an average price target of $51.80.

Tecnoglass Stock Performance

The company has a market cap of $2.76 billion, a PE ratio of 15.23 and a beta of 1.80. The firm's fifty day moving average is $48.77 and its 200 day moving average is $42.18. 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 released its earnings results on Thursday, February 29th. The company reported $0.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $194.60 million during the quarter, compared to analyst estimates of $199.93 million. As a group, research analysts predict that Tecnoglass Inc. will post 3.7 EPS for the current fiscal year.

Tecnoglass Increases Dividend

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

Institutional Investors Weigh In On Tecnoglass

A number of large investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Tecnoglass during the fourth quarter worth $791,000. Vanguard Group Inc. grew its holdings in shares of Tecnoglass by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 313,319 shares of the company's stock worth $14,322,000 after buying an additional 17,879 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Tecnoglass by 5.6% during the fourth quarter. Wellington Management Group LLP now owns 421,086 shares of the company's stock worth $19,248,000 after buying an additional 22,169 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Tecnoglass in the fourth quarter valued at about $274,000. Finally, Owls Nest Partners IA LLC grew its holdings in shares of Tecnoglass by 200.1% in the fourth quarter. Owls Nest Partners IA LLC now owns 577,765 shares of the company's stock valued at $26,410,000 after purchasing an additional 385,265 shares during the period. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Company 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.