Tecnoglass (NASDAQ:TGLS) Reaches New 12-Month Low - Should You Sell?

Key Points

• Tecnoglass (NASDAQ:TGLS) shares hit a new 52-week low at $57.93 during trading, closing at $59.14, reflecting a decline of 5.5%.
• The company recently reported $1.03 earnings per share for its last quarter, surpassing analysts' estimates and marking a 16.3% increase in revenue year-over-year.
• Tecnoglass announced a quarterly dividend of $0.15 per share, with a 1.0% dividend yield and a payout ratio of 15.42%.

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $57.93 and last traded at $59.14, with a volume of 773882 shares traded. The stock had previously closed at $62.60.

Tecnoglass Stock Down 5.5%

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 company has a market capitalization of $2.78 billion, a PE ratio of 18.48 and a beta of 1.83. The business's 50-day simple moving average is $69.53 and its 200-day simple moving average is $74.51.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.07. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The firm's revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. Tecnoglass has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Tecnoglass's payout ratio is 15.42%.

Hedge Funds Weigh In On Tecnoglass

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP increased 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 valued at $134,790,000 after purchasing an additional 254,686 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Tecnoglass by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 932,926 shares of the company's stock valued at $72,171,000 after purchasing an additional 116,760 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of Tecnoglass by 1.6% during 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 in the last quarter. Geode Capital Management LLC grew its stake in Tecnoglass by 5.5% in the 2nd quarter. Geode Capital Management LLC now owns 557,729 shares of the company's stock valued at $43,154,000 after acquiring an additional 29,281 shares during the period. Finally, Vanguard Group Inc. grew its stake in Tecnoglass by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 540,314 shares of the company's stock valued at $38,659,000 after acquiring an additional 22,879 shares during the period. 37.35% of the stock is owned by hedge funds and other institutional investors.

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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