Tecnoglass Inc. (TGLS) To Go Ex-Dividend on June 30th

Tecnoglass Inc. (NYSE:TGLS) declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.15 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th.

Tecnoglass has increased its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Tecnoglass has a dividend payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tecnoglass to earn $3.61 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 12.5%.

Tecnoglass Price Performance

Shares of TGLS opened at $43.74 on Friday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.70 and a beta of 1.42. The stock has a 50 day moving average of $42.80 and a 200-day moving average of $46.97. The company has a current ratio of 1.77, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. Tecnoglass has a 52 week low of $37.52 and a 52 week high of $87.00.

Tecnoglass (NYSE:TGLS) last issued its earnings results on Friday, May 8th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $249.01 million during the quarter, compared to analyst estimates of $243.00 million. Tecnoglass had a return on equity of 21.51% and a net margin of 14.77%.The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. As a group, analysts forecast that Tecnoglass will post 2.73 EPS for the current year.

Insider Transactions at Tecnoglass

In other Tecnoglass news, major shareholder Holding Corp Energy purchased 80,879 shares of Tecnoglass stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $40.56 per share, for a total transaction of $3,280,452.24. Following the transaction, the insider owned 20,812,864 shares of the company’s stock, valued at $844,169,763.84. The trade was a 0.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TGLS. Royal Bank of Canada boosted its position in Tecnoglass by 8.3% during the 1st quarter. Royal Bank of Canada now owns 3,121 shares of the company’s stock worth $224,000 after acquiring an additional 238 shares during the period. AQR Capital Management LLC boosted its position in Tecnoglass by 25.8% during the 1st quarter. AQR Capital Management LLC now owns 3,505 shares of the company’s stock worth $251,000 after acquiring an additional 719 shares during the period. Intech Investment Management LLC boosted its position in Tecnoglass by 21.4% during the 1st quarter. Intech Investment Management LLC now owns 17,918 shares of the company’s stock worth $1,282,000 after acquiring an additional 3,161 shares during the period. Legal & General Group Plc boosted its position in Tecnoglass by 23.9% during the 2nd quarter. Legal & General Group Plc now owns 5,115 shares of the company’s stock worth $396,000 after acquiring an additional 987 shares during the period. Finally, Prudential Financial Inc. acquired a new position in Tecnoglass during the 2nd quarter worth $217,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

About Tecnoglass

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.