Tecnoglass (NASDAQ:TGLS) Stock Price Down 4.9% - Here's Why

Key Points

• Tecnoglass Inc. (NASDAQ:TGLS) shares fell 4.9% on Friday, closing at $75.19, with a notable decline in trading volume of 39% from average levels.
• Analysts have a consensus rating of "Moderate Buy" for Tecnoglass, with varying ratings including three hold, two buy, and one strong buy, alongside a price target of $89.00.
• The company announced a $0.15 quarterly dividend, translating to an annual yield of 0.8%, and reported a year-over-year revenue increase of 16.3% in its latest earnings report.

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report)'s share price traded down 4.9% during mid-day trading on Friday . The company traded as low as $74.93 and last traded at $75.19. 215,748 shares were traded during mid-day trading, a decline of 39% from the average session volume of 356,605 shares. The stock had previously closed at $79.07.

Analysts Set New Price Targets

Separately, B. Riley began coverage on shares of Tecnoglass in a report on Friday, May 16th. They issued a "buy" rating and a $100.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.00.

Tecnoglass Stock Performance

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's 50 day moving average price is $76.58 and its two-hundred day moving average price is $75.45. The firm has a market capitalization of $3.29 billion, a PE ratio of 21.87 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share 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%. During the same quarter in the previous year, the business posted $0.86 earnings per share. The business's quarterly revenue was up 16.3% on a year-over-year basis. Tecnoglass has set its FY 2025 guidance at EPS. On average, equities analysts expect that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, June 30th. Tecnoglass's dividend payout ratio (DPR) is 15.42%.

Institutional Trading of Tecnoglass

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC boosted its holdings in shares of Tecnoglass by 2,640.4% in the 2nd quarter. Jane Street Group LLC now owns 326,113 shares of the company's stock valued at $25,228,000 after purchasing an additional 314,213 shares during the last quarter. Capital World Investors acquired a new position in shares of Tecnoglass in the 4th quarter valued at $23,530,000. Wellington Management Group LLP boosted its holdings in shares of Tecnoglass by 15.6% in 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 during the last quarter. Invesco Ltd. boosted its holdings in shares of Tecnoglass by 486.8% in the 4th quarter. Invesco Ltd. now owns 147,070 shares of the company's stock valued at $11,666,000 after purchasing an additional 122,006 shares during the last quarter. Finally, American Century Companies Inc. lifted 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 acquiring an additional 116,760 shares in the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.

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.