Tecnoglass Inc. Declares Quarterly Dividend of $0.15 (NASDAQ:TGLS)

Key Points

• Tecnoglass Inc. declared a quarterly dividend of $0.15 per share, payable on October 31st to shareholders of record as of September 30th, with an annual yield of 0.8%.
• The company reported a quarterly revenue increase of 16.3% year-over-year and achieved earnings per share of $1.03, surpassing analysts' estimates.
• Tecnoglass has received favorable ratings from analysts, with an average target price of $89.00 and a strong buy rating from one analyst, indicating a positive outlook for the stock.

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) declared a quarterly dividend on Thursday, September 11th. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.15 per share on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 30th.

Tecnoglass has a payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tecnoglass to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.4%.

Tecnoglass Price Performance

Shares of NASDAQ:TGLS traded up $1.06 during trading hours on Wednesday, hitting $71.10. 203,975 shares of the company's stock traded hands, compared to its average volume of 362,642. Tecnoglass has a 52 week low of $60.25 and a 52 week high of $90.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The company's fifty day simple moving average is $74.58 and its two-hundred day simple moving average is $75.15. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 22.23 and a beta of 1.87.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. During the same quarter last year, the business posted $0.86 earnings per share. The business's revenue was up 16.3% on a year-over-year basis. Tecnoglass has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Tecnoglass will post 3.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Tecnoglass

Institutional investors have recently modified their holdings of the company. JFS Wealth Advisors LLC increased its position in Tecnoglass by 1,350.0% during the first quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock worth $31,000 after acquiring an additional 405 shares during the period. New Age Alpha Advisors LLC bought a new position in Tecnoglass during the first quarter worth $38,000. Farther Finance Advisors LLC increased its position in Tecnoglass by 314.6% during the second quarter. Farther Finance Advisors LLC now owns 796 shares of the company's stock worth $62,000 after acquiring an additional 604 shares during the period. Valley National Advisers Inc. bought a new position in Tecnoglass during the second quarter worth $120,000. Finally, Ameritas Investment Partners Inc. increased its position in Tecnoglass by 5.7% during the second quarter. Ameritas Investment Partners Inc. now owns 2,485 shares of the company's stock worth $192,000 after acquiring an additional 135 shares during the period. 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.