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

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $83.00.

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

Hedge Funds Weigh In On Tecnoglass

Institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC grew its holdings 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 purchased a new stake in Tecnoglass in the 1st quarter worth approximately $38,000. Signaturefd LLC grew its stake in shares of Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after purchasing an additional 221 shares during the period. Covestor Ltd increased its holdings in shares of Tecnoglass by 6,293.8% during the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Tecnoglass by 18.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock valued at $86,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Stock Performance

Shares of Tecnoglass stock traded down $0.09 during midday trading on Tuesday, hitting $86.65. The company had a trading volume of 23,025 shares, compared to its average volume of 362,281. The company has a fifty day simple moving average of $77.66 and a 200 day simple moving average of $76.80. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 27.08 and a beta of 1.84. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. Tecnoglass has a 12-month low of $40.94 and a 12-month high of $90.34.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) 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%. The company's quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, analysts predict that Tecnoglass will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, June 30th. Tecnoglass's dividend payout ratio is currently 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.