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

Shares of Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat reports. Three equities research 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 objective among analysts that have issued ratings on the stock in the last year is $83.00.

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

Hedge Funds Weigh In On Tecnoglass

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. acquired a new position in Tecnoglass in the fourth quarter valued at about $265,000. SBI Securities Co. Ltd. acquired a new stake in shares of Tecnoglass in the 4th quarter valued at approximately $108,000. Charles Schwab Investment Management Inc. boosted its stake in Tecnoglass by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock worth $14,620,000 after acquiring an additional 913 shares during the last quarter. Raymond James Financial Inc. bought a new position in Tecnoglass during the 4th quarter worth approximately $4,344,000. Finally, Lisanti Capital Growth LLC grew its holdings in Tecnoglass by 58.2% during the fourth quarter. Lisanti Capital Growth LLC now owns 43,595 shares of the company's stock valued at $3,458,000 after purchasing an additional 16,040 shares during the period. 37.35% of the stock is owned by institutional investors.

Tecnoglass Price Performance

Shares of NASDAQ TGLS traded down $1.15 during mid-day trading on Friday, hitting $75.41. 335,095 shares of the stock were exchanged, compared to its average volume of 340,389. Tecnoglass has a twelve month low of $46.47 and a twelve month high of $90.34. The stock's fifty day simple moving average is $80.83 and its two-hundred day simple moving average is $76.17. 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 has a market cap of $3.54 billion, a P/E ratio of 23.57 and a beta of 1.78.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The company's quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. As a group, analysts forecast that Tecnoglass will post 3.53 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Monday, June 30th. Tecnoglass's dividend payout ratio (DPR) is 16.22%.

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.