Shares of Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 171,099 shares traded hands during trading, a decline of 49% from the previous session's volume of 335,352 shares.The stock last traded at $52.77 and had previously closed at $55.12.
Wall Street Analyst Weigh In
Several equities analysts have commented on TGLS shares. B. Riley raised 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. Robert W. Baird cut their target price on Tecnoglass from $65.00 to $64.00 and set an "outperform" rating for the company in a research note on Tuesday. DA Davidson reaffirmed a "buy" rating and issued a $50.00 target price on shares of Tecnoglass in a report on Monday, March 4th. Sidoti cut Tecnoglass from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $56.00 to $59.00 in a report on Wednesday, May 1st. Finally, Stifel Nicolaus lowered Tecnoglass from a "buy" rating to a "hold" rating and reduced their price objective for the company from $48.00 to $45.00 in a research note on Wednesday, February 14th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $54.67.
View Our Latest Stock Analysis on TGLS
Tecnoglass Stock Performance
The company has a market cap of $2.43 billion, a price-to-earnings ratio of 13.22 and a beta of 1.79. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.60 and a current ratio of 2.27. The company has a fifty day moving average of $51.72 and a two-hundred day moving average of $44.50.
Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. Tecnoglass had a return on equity of 38.92% and a net margin of 21.95%. The company had revenue of $194.60 million for the quarter, compared to analysts' expectations of $199.93 million. Equities research analysts anticipate that Tecnoglass Inc. will post 3.7 EPS for the current year.
Tecnoglass Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were given a $0.11 dividend. This is a boost from Tecnoglass's previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.85%. The ex-dividend date was Wednesday, March 27th. Tecnoglass's dividend payout ratio is 11.43%.
Institutional Investors Weigh In On Tecnoglass
Institutional investors have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC bought a new position in shares of Tecnoglass during the first quarter worth about $893,000. GSA Capital Partners LLP bought a new position in Tecnoglass during the 1st quarter worth approximately $560,000. Capstone Investment Advisors LLC boosted its stake in shares of Tecnoglass by 57.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 47,368 shares of the company's stock valued at $2,465,000 after purchasing an additional 17,292 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Tecnoglass by 295.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 20,630 shares of the company's stock valued at $1,073,000 after purchasing an additional 15,414 shares during the last quarter. Finally, Renaissance Group LLC increased its position in shares of Tecnoglass by 2.6% during the first quarter. Renaissance Group LLC now owns 197,133 shares of the company's stock worth $10,257,000 after buying an additional 5,071 shares during the period. Institutional investors own 37.35% of the company's stock.
About Tecnoglass
(
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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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