Voya Investment Management LLC Decreases Stock Position in Tecnoglass Inc. (NASDAQ:TGLS)

Voya Investment Management LLC decreased its position in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,760 shares of the company’s stock after selling 557 shares during the period. Voya Investment Management LLC’s holdings in Tecnoglass were worth $536,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its position in shares of Tecnoglass by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company’s stock worth $186,000 after acquiring an additional 149 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Tecnoglass by 18.7% during 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 in the last quarter. Signaturefd LLC increased its holdings in Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $71,000 after purchasing an additional 221 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Tecnoglass by 3.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company’s stock worth $784,000 after buying an additional 286 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in Tecnoglass in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

Tecnoglass Price Performance

Shares of TGLS stock opened at $81.64 on Friday. The firm has a fifty day moving average of $70.15 and a two-hundred day moving average of $74.63. The firm has a market cap of $3.84 billion, a P/E ratio of 25.51 and a beta of 1.85. Tecnoglass Inc. has a 1-year low of $40.94 and a 1-year high of $86.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. As a group, research analysts anticipate that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Monday, March 31st. Tecnoglass’s dividend payout ratio is presently 17.49%.

Tecnoglass 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.