Tecnoglass Inc. (NASDAQ:TGLS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Tecnoglass Inc. has received a consensus recommendation of “Moderate Buy” from six research firms, with a 12-month price target averaging $83.00.
• The company reported a quarterly EPS of $0.92, exceeding analysts' expectations of $0.82, and its revenue increased by 15.4% year-over-year.
• A quarterly dividend of $0.15 per share has been declared, with an ex-dividend date of June 30th, representing a yield of 0.78%.

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

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

Institutional Trading of Tecnoglass

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Tecnoglass by 49.2% in the 4th quarter. FMR LLC now owns 5,412,322 shares of the company's stock worth $429,305,000 after acquiring an additional 1,785,602 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Tecnoglass by 15.6% during the 1st quarter. Wellington Management Group LLP now owns 1,883,864 shares of the company's stock worth $134,790,000 after buying an additional 254,686 shares during the period. Dimensional Fund Advisors LP lifted its position in Tecnoglass by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 993,514 shares of the company's stock worth $78,811,000 after purchasing an additional 14,369 shares during the period. American Century Companies Inc. grew its stake in Tecnoglass by 12.1% during the first quarter. American Century Companies Inc. now owns 816,166 shares of the company's stock worth $58,397,000 after buying an additional 87,791 shares during the last quarter. Finally, Cooke & Bieler LP boosted its stake in shares of Tecnoglass by 1.6% in the 1st quarter. Cooke & Bieler LP now owns 797,882 shares of the company's stock valued at $57,088,000 after purchasing an additional 12,642 shares during the last quarter. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Trading Down 0.2%

NASDAQ:TGLS traded down $0.17 during trading hours on Wednesday, hitting $76.92. 191,815 shares of the company were exchanged, compared to its average volume of 352,453. The company has a fifty day simple moving average of $79.69 and a 200 day simple moving average of $75.91. Tecnoglass has a one year low of $46.47 and a one year high of $90.34. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 24.04 and a beta of 1.78.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, topping 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%. During the same period in the previous year, the company earned $0.66 earnings per share. The firm's revenue for the quarter was up 15.4% compared to the same quarter last year. Sell-side analysts expect that Tecnoglass will post 3.53 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The firm also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, June 30th. Tecnoglass's dividend payout ratio is currently 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.