Tecnoglass Inc. (NASDAQ:TGLS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $83.00.

Separately, B. Riley started coverage on Tecnoglass in a research note on Friday, May 16th. They issued a “buy” rating and a $100.00 price target for the company.

Tecnoglass Trading Down 0.2%

Tecnoglass stock opened at $84.73 on Friday. The stock has a 50-day moving average of $73.50 and a two-hundred day moving average of $75.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. Tecnoglass has a one year low of $40.94 and a one year high of $89.36. The stock has a market cap of $3.98 billion, a PE ratio of 26.48 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. During the same period in the previous year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, research analysts anticipate that Tecnoglass will post 3.53 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, March 31st. Tecnoglass’s payout ratio is 16.22%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. USA Financial Formulas acquired a new stake in Tecnoglass during the fourth quarter worth about $26,000. JFS Wealth Advisors LLC raised its position in Tecnoglass by 1,350.0% during the first quarter. JFS Wealth Advisors LLC now owns 435 shares of the company’s stock valued at $31,000 after acquiring an additional 405 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Tecnoglass during the first quarter valued at approximately $38,000. R Squared Ltd purchased a new position in Tecnoglass during the fourth quarter valued at approximately $70,000. Finally, Signaturefd LLC raised its position in Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $71,000 after acquiring an additional 221 shares in the last quarter. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

About Tecnoglass

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.