Cooke & Bieler LP Has $59.43 Million Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Cooke & Bieler LP boosted its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 35.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300,179 shares of the company's stock after buying an additional 342,451 shares during the period. Cooke & Bieler LP owned about 2.73% of Tecnoglass worth $59,431,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TGLS. Thompson Siegel & Walmsley LLC acquired a new stake in Tecnoglass during the third quarter worth $26,000. Tower Research Capital LLC TRC bought a new position in shares of Tecnoglass during the third quarter valued at $28,000. BNP Paribas Arbitrage SA bought a new position in shares of Tecnoglass during the first quarter valued at $29,000. BNP Paribas Arbitrage SNC bought a new position in shares of Tecnoglass during the third quarter valued at $65,000. Finally, Castleview Partners LLC bought a new position in shares of Tecnoglass during the first quarter valued at $66,000. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Price Performance

Shares of Tecnoglass stock traded down $1.83 during trading on Friday, reaching $54.71. The company's stock had a trading volume of 424,962 shares, compared to its average volume of 403,058. The stock has a 50-day moving average price of $49.45 and a two-hundred day moving average price of $42.85. 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 Inc. has a one year low of $28.21 and a one year high of $59.76. The stock has a market capitalization of $2.57 billion, a P/E ratio of 14.21 and a beta of 1.80.

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

Tecnoglass Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from Tecnoglass's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, March 27th. Tecnoglass's payout ratio is currently 11.43%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TGLS. Robert W. Baird lifted their price objective on Tecnoglass from $56.00 to $65.00 and gave the company an "outperform" rating in a report on Thursday. DA Davidson reissued a "buy" rating and set a $50.00 price objective on shares of Tecnoglass in a report on Monday, March 4th. B. Riley lifted their price objective on Tecnoglass from $51.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus cut Tecnoglass from a "buy" rating to a "hold" rating and cut their price objective for the company from $48.00 to $45.00 in a report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Tecnoglass has a consensus rating of "Moderate Buy" and an average price target of $54.00.

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.