Tecnoglass Inc (NASDAQ:TGLS) has been given an average broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. Tecnoglass’ rating score has improved by 11.3% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price objective of $12.00 for the company and are anticipating that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Tecnoglass an industry rank of 164 out of 255 based on the ratings given to its competitors.
A number of analysts recently issued reports on the company. Zacks Investment Research cut Tecnoglass from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. ValuEngine downgraded Tecnoglass from a “sell” rating to a “strong sell” rating in a report on Monday, April 1st. Robert W. Baird assumed coverage on Tecnoglass in a report on Wednesday. They issued an “outperform” rating and a $10.00 price target on the stock. Finally, BidaskClub downgraded Tecnoglass from a “sell” rating to a “strong sell” rating in a report on Friday, March 22nd.
NASDAQ:TGLS traded down $0.01 during mid-day trading on Wednesday, hitting $7.21. The stock had a trading volume of 88,873 shares, compared to its average volume of 178,835. Tecnoglass has a twelve month low of $6.95 and a twelve month high of $10.29. The company has a market capitalization of $275.03 million, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 0.48 and a beta of 1.29. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.64 and a current ratio of 2.39.
Tecnoglass (NASDAQ:TGLS) last released its earnings results on Thursday, March 7th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.10. The firm had revenue of $97.86 million for the quarter, compared to analysts’ expectations of $95.14 million. Tecnoglass had a net margin of 2.39% and a return on equity of 22.76%. As a group, equities analysts forecast that Tecnoglass will post 0.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, May 26th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.56 dividend on an annualized basis and a yield of 7.77%. Tecnoglass’s dividend payout ratio is currently 65.88%.
In other news, Director Martha L. Byorum sold 5,994 shares of Tecnoglass stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $8.46, for a total value of $50,709.24. Following the completion of the transaction, the director now owns 79,764 shares in the company, valued at approximately $674,803.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in Tecnoglass by 117.1% during the third quarter. Renaissance Technologies LLC now owns 95,794 shares of the company’s stock valued at $942,000 after purchasing an additional 51,671 shares during the last quarter. Crestline Management LP acquired a new stake in shares of Tecnoglass during the 3rd quarter worth approximately $553,000. California Public Employees Retirement System grew its stake in shares of Tecnoglass by 1.7% during the 4th quarter. California Public Employees Retirement System now owns 89,222 shares of the company’s stock worth $720,000 after purchasing an additional 1,496 shares during the period. Perritt Capital Management Inc. grew its stake in shares of Tecnoglass by 17.6% during the 4th quarter. Perritt Capital Management Inc. now owns 139,752 shares of the company’s stock worth $1,128,000 after purchasing an additional 20,882 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Tecnoglass by 8,803.0% during the 4th quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock worth $435,000 after purchasing an additional 53,258 shares during the period. Institutional investors and hedge funds own 4.43% of the company’s stock.
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries in North, Central, and South America. It offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
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