In yesterday’s Wall Street session, Tecnoglass Inc. (NYSE:TGLS) shares traded at $32.22, up 0.72% from the previous session.
5 analysts cover Tecnoglass Inc. (NYSE:TGLS), according to research data. The consensus rating among analysts is ‘Buy’. TGLS stock price is now 12.21% away from the 50-day moving average and 38.04% away from the 200-day moving average. The market capitalization of the company currently stands at $1.52B.
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The stock has received a hold rating from 0 analysts and a buy rating from 4.
With the price target maintained at $34, Sidoti recently Upgraded its rating from Neutral to Buy for Tecnoglass Inc. (NYSE: TGLS). On November 09, 2021, B. Riley Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $37, while ‘Sidoti’ rates the stock as ‘Neutral’.
In other news, WEIL A LORNE, Director sold 35,000 shares of the company’s stock on Dec 01. The stock was sold for $1,058,334 at an average price of $30.24. Upon completion of the transaction, the Director now directly owns 88,173 shares in the company, valued at $2.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, Director Torres Julio A. sold 25,000 shares of the business’s stock. A total of $636,400 was realized by selling the stock at an average price of $25.46. This leaves the insider owning 30,520 shares of the company worth $0.98 million. Insiders disposed of 60,000 shares of company stock worth roughly $1.93 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TGLS stock. A new stake in Tecnoglass Inc. shares was purchased by WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $5,786,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $3,487,000 in shares of TGLS during the first quarter. In the first quarter, CHARLES SCHWAB INVESTMENT MANAGEMENT INC acquired a new stake in Tecnoglass Inc. valued at approximately $3,229,000. PARK WEST ASSET MANAGEMENT LLC acquired a new stake in TGLS for approximately $1,901,000. APOGEM CAPITAL LLC purchased a new stake in TGLS valued at around $1,852,000 in the second quarter. In total, there are 112 active investors with 26.40% ownership of the company’s stock.
On Friday morning Tecnoglass Inc. (NYSE: TGLS) stock kicked off with the opening price of $31.52. During the past 12 months, Tecnoglass Inc. has had a low of $16.05 and a high of $32.90. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 2.00, and a quick ratio of 1.40. The fifty day moving average price for TGLS is $28.94 and a two-hundred day moving average price translates $23.36 for the stock.
The latest earnings results from Tecnoglass Inc. (NYSE: TGLS) was released for Jun, 2022. According to the Building Products & Equipment Company, earnings per share came in at $0.69, beating analysts’ expectations of $0.57 by 0.12. This compares to $0.43 EPS in the same period last year. The net profit margin was 18.90% and return on equity was 43.10% for TGLS. The company reported revenue of $201.78 million for the quarter, compared to $131.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 53.26 percent. For the current quarter, analysts expect TGLS to generate $169.75M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/31/2023. Investors who held shares on 12/30/2022 were paid a $0.075 dividend. On an annualized basis, this represents a $0.30 dividend and a 0.93% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, TGLS is presently at 10.70%.
Tecnoglass Inc.(TGLS) Company Profile
Tecnoglass Inc., through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. It also provides aluminum products, including bars, plates, profiles, rods, and tubes that are used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and related products. In addition, the company offers curtain wall/floating facades, windows and doors, interior dividers and commercial display windows, hurricane-proof windows, and stick facade systems; and other products comprising awnings, structures, automatic doors, and other components of architectural systems. It markets and sells its products primarily under the Tecnoglass, ESWindows, and Alutions brands through internal and independent sales representatives, as wells as directly to distributors. The company was founded in 1984 and is headquartered in Barranquilla, Colombia. Tecnoglass Inc. is a subsidiary of Energy Holding Corporation.
