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S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Is this AI's biggest breakthrough to date? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Is this AI's biggest breakthrough to date? (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Is this AI's biggest breakthrough to date? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Is this AI's biggest breakthrough to date? (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Is this AI's biggest breakthrough to date? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Is this AI's biggest breakthrough to date? (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NASDAQ:TGLS

Tecnoglass (TGLS) Stock Price, News & Analysis

$44.05
+0.92 (+2.13%)
(As of 02/22/2024 ET)
Today's Range
$42.67
$44.24
50-Day Range
$41.98
$49.65
52-Week Range
$28.21
$54.40
Volume
210,435 shs
Average Volume
278,495 shs
Market Capitalization
$2.10 billion
P/E Ratio
10.39
Dividend Yield
0.82%
Price Target
$49.25

Tecnoglass MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
11.8% Upside
$49.25 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of Tecnoglass in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.69%
From $3.90 to $4.20 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.29 out of 5 stars

Retail/Wholesale Sector

126th out of 202 stocks

Flat Glass Industry

1st out of 1 stocks


TGLS stock logo

About Tecnoglass Stock (NASDAQ:TGLS)

Tecnoglass Inc. is a leading manufacturer and supplier of architectural glass, windows, and aluminum products for the global commercial and residential construction industry. Founded in 1984 in Barranquilla, Colombia, Tecnoglass has grown to become one of Latin America's most significant glass and aluminum companies, with operations in the United States, Colombia, and Guatemala. Tecnoglass prides itself on offering high-quality, sustainable products that enhance buildings' aesthetics and functionality while prioritizing customer satisfaction and environmental responsibility.

Tecnoglass' mission is to provide its customers with innovative and superior-quality products and services while promoting sustainability, social responsibility, and continuous improvement. The company's products and services include tempered and laminated glass, insulating glass, aluminum frames and panels, windows, doors, and curtain walls. Tecnoglass serves a broad range of commercial and residential construction customers, including architects, contractors, developers, and homeowners. The company's headquarters is in Barranquilla, Colombia, and it has a manufacturing facility in Colombia and a state-of-the-art glass processing facility in Miami, Florida, USA.

Tecnoglass has achieved significant milestones and received several awards. In 2019, the company was recognized by Glass Magazine as one of the Top Glass Fabricators in North America. In 2020, Tecnoglass was awarded the Energy Star certification for superior energy efficiency performance in its manufacturing facility in Colombia. The company has also been recognized for its commitment to sustainability, including using eco-friendly materials and energy-efficient production processes.

Tecnoglass' leadership team is led by Chief Executive Officer Jose Daes, who co-founded the company with his brother Christian Daes, the Chief Operating Officer. Christian has over 30 years of experience in the glass and aluminum industry and has been instrumental in Tecnoglass' growth and expansion. Other key management team members include Chief Financial Officer Santiago Giraldo.

Tecnoglass has reported revenue increases yearly for the past several years. The company's gross profit margin has been increasing, averaging around 30%. Tecnoglass' net income has also been increasing, paralleling the revenue numbers. The company has maintained a strong balance sheet, with cash and cash equivalents capable of covering any company liabilities. 

Tecnoglass has a market capitalization of approximately $2 billion. The company's price-to-earnings ratio is lower than industry averages, and the company's price-to-book ratio is also slightly lower. These metrics suggest that the company's stock is undervalued relative to its peers, possibly due to investor concerns about global economic uncertainty and increased competition in the construction industry.

Tecnoglass' stock price has demonstrated an impressive upward trend in recent years. Although the pandemic introduced significant volatility, the company quickly recovered as the construction industry began to operate again. Despite the initial challenges, the company's solid fundamentals and resilient business model enabled it to emerge from the pandemic's shadow and continue its upward trajectory.

Tecnoglass has recently seen an increase in trading volume, which could be attributed to its solid financial performance and growth prospects. Broader market trends and investor sentiment have also impacted the stock prices of the construction industry. 

Tecnoglass operates in the construction materials industry, which is heavily influenced by economic conditions, infrastructure spending, and consumer preferences. The industry has seen steady growth in recent years, driven by increased demand for sustainable building materials and a growing focus on energy efficiency.

Tecnoglass faces competition from other glass and aluminum product manufacturers, both domestically and internationally. Some of its key competitors include AGC Inc., Nippon Sheet Glass Co. Ltd., and Guardian Industries.

Despite the competition, Tecnoglass has several advantages that set it apart from its peers. The company has a strong reputation for quality and innovation and has invested heavily in technology and research to stay ahead of the curve. Additionally, Tecnoglass has a diversified customer base, which helps mitigate risks associated with over-reliance on any customer.

Tecnoglass has several growth opportunities that could help to drive its future performance. The company is expanding its product line to include more sustainable building materials, a growing trend in the construction industry. Additionally, Tecnoglass is actively pursuing acquisitions to strengthen its position in the market further.

Tecnoglass has also expanded its presence in international markets, particularly Latin America. Tecnoglass is well-positioned to benefit from the ongoing global shift toward sustainable building practices. As consumers and businesses become more environmentally conscious, demand for energy-efficient and environmentally-friendly building materials is expected to increase.

While Tecnoglass has several growth opportunities, it also faces risks and challenges that could impact its future performance. One of the company's most significant risks is the potential for changes in consumer preferences or economic conditions, which could affect product demand.

Additionally, Tecnoglass is subject to regulatory and political risks, particularly in Latin America, where it has a significant presence. Changes in government policies or trade agreements could impact the company's ability to operate in certain markets or increase costs associated with doing business.

Tecnoglass faces intense competition from other glass and aluminum product manufacturers. The company must continue investing in technology and research to stay ahead of the curve to stay competitive.

TGLS Stock Price History

TGLS Stock News Headlines

Tecnoglass (TGLS) Set to Announce Quarterly Earnings on Thursday
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
TGLS Mar 2024 55.000 put
TGLS Mar 2024 35.000 put
Tecnoglass (NASDAQ:TGLS) Lowered to Hold at Stifel Nicolaus
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Tecnoglass Inc TGLS
Tecnoglass Inc.
Tecnoglass (TGLS) Stock Sinks As Market Gains: Here's Why
Is Tecnoglass Inc. (NYSE:TGLS) Trading At A 49% Discount?
Does Tecnoglass Inc (TGLS) Have a Long Runway For Growth?
Tecnoglass Announces Fourth Quarter 2023 Dividend
See More Headlines
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Company Calendar

Last Earnings
11/06/2023
Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Today
2/23/2024
Next Earnings (Confirmed)
2/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Flat glass
Sub-Industry
N/A
Current Symbol
NASDAQ:TGLS
Fax
N/A
Employees
8,770
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$49.25
High Stock Price Target
$54.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+11.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$155.74 million
Pretax Margin
34.37%

Debt

Sales & Book Value

Annual Sales
$849.78 million
Cash Flow
$2.21 per share

Miscellaneous

Free Float
47,556,000
Market Cap
$2.10 billion
Optionable
Optionable
Beta
1.81
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TGLS Stock Analysis - Frequently Asked Questions

Should I buy or sell Tecnoglass stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tecnoglass in the last twelve months. There are currently 1 hold rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TGLS shares.
View TGLS analyst ratings
or view top-rated stocks.

What is Tecnoglass' stock price target for 2024?

2 Wall Street analysts have issued 12 month target prices for Tecnoglass' stock. Their TGLS share price targets range from $45.00 to $54.00. On average, they anticipate the company's share price to reach $49.25 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for TGLS
or view top-rated stocks among Wall Street analysts.

How have TGLS shares performed in 2024?

Tecnoglass' stock was trading at $45.71 at the start of the year. Since then, TGLS stock has decreased by 3.6% and is now trading at $44.05.
View the best growth stocks for 2024 here
.

When is Tecnoglass' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024.
View our TGLS earnings forecast
.

How can I listen to Tecnoglass' earnings call?

Tecnoglass will be holding an earnings conference call on Friday, March 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13744034".

How were Tecnoglass' earnings last quarter?

Tecnoglass Inc. (NASDAQ:TGLS) issued its quarterly earnings data on Monday, November, 6th. The company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.01. The firm had revenue of $210.30 million for the quarter, compared to analyst estimates of $206.25 million. Tecnoglass had a net margin of 23.71% and a trailing twelve-month return on equity of 46.61%. The company's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share.

How often does Tecnoglass pay dividends? What is the dividend yield for Tecnoglass?

Tecnoglass declared a quarterly dividend on Monday, December 11th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.09 per share on Wednesday, January 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, December 28th.
Read our dividend analysis for TGLS
.

Is Tecnoglass a good dividend stock?

Tecnoglass (NASDAQ:TGLS) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.83%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGLS will have a dividend payout ratio of 8.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGLS.

What ETFs hold Tecnoglass' stock?

ETFs with the largest weight of Tecnoglass (NASDAQ:TGLS) stock in their portfolio include Global X MSCI Colombia ETF (GXG) and Invesco Building & Construction ETF (PKB).First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS).

What other stocks do shareholders of Tecnoglass own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tecnoglass investors own include Intel (INTC), AT&T (T), Corbus Pharmaceuticals (CRBP), Walt Disney (DIS), NVIDIA (NVDA), Pfizer (PFE), Broadcom (AVGO), Gilead Sciences (GILD), QUALCOMM (QCOM) and Valero Energy (VLO).

Who are Tecnoglass' major shareholders?

Tecnoglass' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cooke & Bieler LP (2.73%), Polaris Capital Management LLC (1.88%), Victory Capital Management Inc. (1.71%), Dimensional Fund Advisors LP (1.54%), Owls Nest Partners IA LLC (1.21%) and Clearbridge Investments LLC (0.80%). Insiders that own company stock include A Lorne Weil, Christian T Daes, Holding Corp Energy, Jose M Daes, Julio A Torres and Martha L Byorum.
View institutional ownership trends
.

How do I buy shares of Tecnoglass?

Shares of TGLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TGLS) was last updated on 2/23/2024 by MarketBeat.com Staff