Tecnoglass Inc. (NASDAQ:TGLS) Receives $83.00 Consensus PT from Brokerages

Shares of Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $83.00.

Separately, B. Riley assumed coverage on Tecnoglass in a research note on Friday, May 16th. They issued a "buy" rating and a $100.00 target price on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TGLS. Barclays PLC lifted its position in Tecnoglass by 32.2% in the third quarter. Barclays PLC now owns 35,376 shares of the company's stock valued at $2,429,000 after purchasing an additional 8,613 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Tecnoglass during the 4th quarter valued at $275,000. Polaris Capital Management LLC grew its holdings in Tecnoglass by 2.5% in the 4th quarter. Polaris Capital Management LLC now owns 860,964 shares of the company's stock worth $68,292,000 after acquiring an additional 20,800 shares during the last quarter. Legato Capital Management LLC increased its position in shares of Tecnoglass by 109.2% in the fourth quarter. Legato Capital Management LLC now owns 9,790 shares of the company's stock valued at $777,000 after acquiring an additional 5,110 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Tecnoglass by 3.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock worth $784,000 after purchasing an additional 286 shares during the last quarter. 37.35% of the stock is owned by institutional investors.

Tecnoglass Stock Performance

Shares of NASDAQ:TGLS traded down $3.59 during midday trading on Tuesday, reaching $82.11. 266,064 shares of the company traded hands, compared to its average volume of 362,266. Tecnoglass has a 12 month low of $40.94 and a 12 month high of $90.34. The firm's fifty day moving average price is $78.09 and its two-hundred day moving average price is $76.83. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 25.66 and a beta of 1.84.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. During the same quarter last year, the firm posted $0.66 EPS. The firm's revenue was up 15.4% on a year-over-year basis. On average, equities analysts expect that Tecnoglass will post 3.53 earnings per share for the current year.

Tecnoglass Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.73%. Tecnoglass's dividend payout ratio (DPR) is 16.22%.

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.