Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report)'s stock price traded down 3.6% during trading on Monday . The company traded as low as $79.16 and last traded at $79.48. 219,191 shares traded hands during trading, a decline of 40% from the average session volume of 362,370 shares. The stock had previously closed at $82.42.
Wall Street Analysts Forecast Growth
Separately, B. Riley began coverage on Tecnoglass in a report on Friday, May 16th. They issued a "buy" rating and a $100.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $83.00.
Read Our Latest Stock Analysis on Tecnoglass
Tecnoglass Price Performance
The stock has a market capitalization of $3.53 billion, a PE ratio of 23.51 and a beta of 1.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The stock's fifty day moving average is $79.18 and its 200-day moving average is $76.75.
Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $0.66 EPS. The business's quarterly revenue was up 15.4% on a year-over-year basis. As a group, equities analysts predict that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.
Tecnoglass Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. Tecnoglass's dividend payout ratio (DPR) is 16.22%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC increased its stake in Tecnoglass by 1,350.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock worth $31,000 after buying an additional 405 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Tecnoglass during the first quarter worth approximately $38,000. Signaturefd LLC increased its position 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 purchasing an additional 221 shares in the last quarter. Covestor Ltd raised its stake in Tecnoglass by 6,293.8% in the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Tecnoglass by 18.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock valued at $86,000 after purchasing an additional 170 shares during the last quarter. 37.35% of the stock is owned by hedge funds and other institutional investors.
Tecnoglass Company Profile
(
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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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