Tecnoglass (NYSE:TGLS) Hits New 52-Week Low - Here's What Happened

Key Points

• 52-week low: Tecnoglass shares fell to a new 52-week low of $42.73 (last $43.66) on Thursday with 322,683 shares traded, down from a prior close of $45.68.
• Earnings miss: The company reported Q4 EPS of $0.63 versus $0.84 expected and revenue of $245.3M (up 3% YoY), while trading at a PE of 12.78 and a net margin of 16.22%.
• Mixed analyst views: Analysts’ opinions diverge—DA Davidson trimmed its target to $70 but stayed constructive, Zacks cut to "strong sell," yet MarketBeat shows a consensus "Moderate Buy" with an $85 price target.

Tecnoglass Inc. (NYSE:TGLS - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $42.73 and last traded at $43.66, with a volume of 322683 shares trading hands. The stock had previously closed at $45.68.

Analyst Ratings Changes

TGLS has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Tecnoglass in a report on Monday, December 22nd. DA Davidson reduced their target price on Tecnoglass from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Zacks Research lowered Tecnoglass from a "hold" rating to a "strong sell" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Tecnoglass presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.

Tecnoglass Stock Performance

The stock has a market capitalization of $2.03 billion, a PE ratio of 12.78, a P/E/G ratio of 0.54 and a beta of 1.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.40 and a current ratio of 1.86. The firm's 50 day moving average is $50.80 and its two-hundred day moving average is $56.94.

Tecnoglass (NYSE:TGLS - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.21). The company had revenue of $245.30 million for the quarter. Tecnoglass had a return on equity of 23.05% and a net margin of 16.22%.The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share.

Tecnoglass Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 31st. Tecnoglass's dividend payout ratio (DPR) is presently 17.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Tecnoglass by 2.6% in the 4th quarter. Invesco Ltd. now owns 33,225 shares of the company's stock valued at $1,672,000 after purchasing an additional 827 shares during the last quarter. Blue Chip Partners LLC lifted its holdings in Tecnoglass by 6.3% during the 4th quarter. Blue Chip Partners LLC now owns 4,250 shares of the company's stock worth $214,000 after buying an additional 250 shares during the last quarter. Empowered Funds LLC purchased a new stake in Tecnoglass during the 4th quarter worth about $49,000. XTX Topco Ltd acquired a new position in shares of Tecnoglass during the 4th quarter worth about $3,023,000. Finally, one8zero8 LLC increased its holdings in shares of Tecnoglass by 3.8% in the 4th quarter. one8zero8 LLC now owns 96,376 shares of the company's stock valued at $4,850,000 after acquiring an additional 3,570 shares during the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Company Profile

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company's product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.

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