Tecnoglass (NASDAQ:TGLS) Stock Price Down 5% - What's Next?

Key Points

• Tecnoglass Inc. (NASDAQ:TGLS) experienced a significant decline of 5% in stock price, closing at $59.47 after trading down to $60.58, with volume dropping 62% from its average.
• The company reported $1.03 earnings per share in its latest quarterly results, exceeding analyst expectations, and saw a 16.3% increase in revenue compared to the previous year.
• Tecnoglass declared a $0.15 quarterly dividend, representing a 1.0% yield, with payment set for October 31st to shareholders recorded on September 30th.

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) dropped 5% on Monday . The stock traded as low as $60.58 and last traded at $59.47. Approximately 134,356 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 356,479 shares. The stock had previously closed at $62.60.

Tecnoglass Stock Down 5.5%

The firm has a fifty day moving average of $69.89 and a 200-day moving average of $74.55. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.78 billion, a P/E ratio of 18.48 and a beta of 1.83.

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

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. Tecnoglass's dividend payout ratio (DPR) is currently 15.42%.

Institutional Investors Weigh In On Tecnoglass

A number of institutional investors and hedge funds have recently modified their holdings of the company. JFS Wealth Advisors LLC lifted its stake in Tecnoglass by 1,350.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock valued at $31,000 after purchasing an additional 405 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Tecnoglass in the first quarter valued at approximately $38,000. Farther Finance Advisors LLC lifted its position in shares of Tecnoglass by 314.6% in the second quarter. Farther Finance Advisors LLC now owns 796 shares of the company's stock valued at $62,000 after buying an additional 604 shares during the last quarter. Valley National Advisers Inc. bought a new position in shares of Tecnoglass during the 2nd quarter worth approximately $120,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Tecnoglass by 5.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,485 shares of the company's stock worth $192,000 after acquiring an additional 135 shares during the last quarter. 37.35% of the stock is owned by institutional investors.

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.

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