Tecnoglass (NYSE:TGLS) Director Acquires $47,597.00 in Stock

Tecnoglass Inc. (NYSE:TGLS) Director Anne Louise Carricarte acquired 1,100 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $43.27 per share, for a total transaction of $47,597.00. Following the completion of the acquisition, the director owned 1,100 shares in the company, valued at approximately $47,597. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Tecnoglass Trading Up 0.2%

Shares of NYSE:TGLS traded up $0.08 during trading on Tuesday, reaching $42.53. 651,573 shares of the stock were exchanged, compared to its average volume of 384,609. The firm’s 50-day moving average price is $50.27 and its 200 day moving average price is $56.23. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.53 and a beta of 1.72. Tecnoglass Inc. has a 12-month low of $40.09 and a 12-month high of $90.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 1.86.

Tecnoglass (NYSE:TGLS) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.21). The business had revenue of $245.30 million during the quarter. Tecnoglass had a net margin of 16.22% and a return on equity of 23.05%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS.

Tecnoglass Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, December 31st. Tecnoglass’s dividend payout ratio is currently 17.54%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its stake in Tecnoglass by 2.6% during the 4th quarter. Invesco Ltd. now owns 33,225 shares of the company’s stock valued at $1,672,000 after purchasing an additional 827 shares in the last quarter. Blue Chip Partners LLC boosted its stake in shares of Tecnoglass by 6.3% during the 4th quarter. Blue Chip Partners LLC now owns 4,250 shares of the company’s stock valued at $214,000 after buying an additional 250 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Tecnoglass during the fourth quarter worth approximately $49,000. XTX Topco Ltd bought a new stake in shares of Tecnoglass in the fourth quarter worth $3,023,000. Finally, one8zero8 LLC raised its holdings in Tecnoglass by 3.8% in the fourth quarter. one8zero8 LLC now owns 96,376 shares of the company’s stock valued at $4,850,000 after acquiring an additional 3,570 shares in the last quarter. Institutional investors and hedge funds own 37.35% of the company’s stock.

Wall Street Analyst Weigh In

TGLS has been the subject of several analyst reports. Zacks Research downgraded Tecnoglass from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. B. Riley Financial reduced their price target on Tecnoglass from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Tecnoglass in a report on Monday, December 22nd. Finally, DA Davidson dropped their price objective on shares of Tecnoglass from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Tecnoglass currently has a consensus rating of “Hold” and an average target price of $67.50.

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.