Teachers Retirement System of The State of Kentucky bought a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 20,524 shares of the company's stock, valued at approximately $1,409,000.
A number of other institutional investors and hedge funds have also made changes to their positions in TGLS. Crossmark Global Holdings Inc. boosted its holdings in Tecnoglass by 3.2% during the second quarter. Crossmark Global Holdings Inc. now owns 7,066 shares of the company's stock worth $355,000 after buying an additional 220 shares in the last quarter. X Square Capital LLC boosted its stake in shares of Tecnoglass by 5.7% during the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company's stock worth $219,000 after acquiring an additional 237 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Tecnoglass by 3.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 9,596 shares of the company's stock worth $659,000 after acquiring an additional 287 shares during the period. SummerHaven Investment Management LLC increased its stake in Tecnoglass by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,681 shares of the company's stock valued at $687,000 after purchasing an additional 292 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Tecnoglass by 4,735.7% during the third quarter. Signaturefd LLC now owns 677 shares of the company's stock worth $46,000 after purchasing an additional 663 shares during the last quarter. 37.35% of the stock is owned by institutional investors and hedge funds.
NASDAQ:TGLS opened at $81.19 on Wednesday. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month high of $86.08. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 25.37 and a beta of 1.89. The company's 50-day moving average is $75.97 and its two-hundred day moving average is $62.98. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.
Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.11. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The business had revenue of $237.90 million during the quarter, compared to analyst estimates of $240.19 million. During the same quarter in the previous year, the business posted $0.98 earnings per share. The company's revenue was up 13.1% on a year-over-year basis. Research analysts expect that Tecnoglass Inc. will post 3.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. This is a boost from Tecnoglass's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.74%. Tecnoglass's dividend payout ratio (DPR) is 18.75%.
Several analysts have weighed in on TGLS shares. B. Riley reissued a "neutral" rating and issued a $72.00 target price (up previously from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Raymond James cut shares of Tecnoglass from a "strong-buy" rating to a "market perform" rating in a research note on Tuesday, October 22nd. StockNews.com assumed coverage on shares of Tecnoglass in a research report on Saturday. They set a "hold" rating for the company. DA Davidson upped their price target on shares of Tecnoglass from $65.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, Sidoti cut shares of Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price objective for the company. in a research note on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Tecnoglass currently has an average rating of "Hold" and an average price target of $77.40.
Get Our Latest Stock Report on Tecnoglass
In other Tecnoglass news, Director Julio A. Torres sold 30,520 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total value of $2,222,771.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total transaction of $104,573,402.40. Following the transaction, the insider now directly owns 23,195,988 shares of the company's stock, valued at approximately $1,693,771,043.76. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.25% of the company's stock.
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.
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