Tecnoglass Inc. (NASDAQ:TGLS) Given Consensus Recommendation of "Moderate Buy" by Analysts

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

Separately, B. Riley began coverage on shares of Tecnoglass in a research report on Friday, May 16th. They issued a "buy" rating and a $100.00 price objective for the company.

Institutional Investors Weigh In On Tecnoglass

Hedge funds have recently bought and sold shares of the stock. JFS Wealth Advisors LLC lifted 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 valued at $31,000 after purchasing an additional 405 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Tecnoglass during the first quarter valued at approximately $38,000. Signaturefd LLC raised its stake in shares of Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after acquiring an additional 221 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Tecnoglass by 6,293.8% in the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock worth $81,000 after acquiring an additional 1,007 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings 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 worth $86,000 after acquiring an additional 170 shares during the last quarter. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Price Performance

TGLS stock opened at $77.98 on Friday. The firm has a 50 day moving average of $80.65 and a 200-day moving average of $76.23. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. Tecnoglass has a 12 month low of $46.47 and a 12 month high of $90.34. The firm has a market capitalization of $3.66 billion, a P/E ratio of 24.37 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.92 EPS for the quarter, beating 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 period last year, the company earned $0.66 earnings per share. Tecnoglass's revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, sell-side analysts predict that Tecnoglass will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.60 annualized dividend and a yield of 0.77%. Tecnoglass's payout ratio is presently 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.

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