Tecnoglass (NASDAQ:TGLS) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Tecnoglass (NASDAQ:TGLS) in a research note issued to investors on Friday. The firm issued a hold rating on the stock.

TGLS has been the subject of a number of other research reports. DA Davidson increased their target price on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Robert W. Baird increased their target price on Tecnoglass from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd. Sidoti downgraded Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 target price on the stock. in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus increased their target price on Tecnoglass from $50.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.40.

Tecnoglass Stock Performance

NASDAQ TGLS opened at $83.25 on Friday. The business’s 50-day moving average price is $74.22 and its 200 day moving average price is $61.73. Tecnoglass has a twelve month low of $37.88 and a twelve month high of $83.75. The company has a market capitalization of $3.91 billion, a PE ratio of 26.02 and a beta of 1.89. 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) last released its earnings results on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.11. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The firm had revenue of $237.90 million for the quarter, compared to the consensus estimate of $240.19 million. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, research analysts predict that Tecnoglass will post 3.55 earnings per share for the current year.

Insider Activity

In other news, Director Julio A. Torres sold 30,520 shares of the firm’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total value of $104,573,402.40. Following the completion of the sale, the insider now directly owns 23,195,988 shares of the company’s stock, valued at approximately $1,693,771,043.76. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Institutional Trading of Tecnoglass

A number of institutional investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its stake in Tecnoglass by 3.2% during the second quarter. Crossmark Global Holdings Inc. now owns 7,066 shares of the company’s stock valued at $355,000 after acquiring an additional 220 shares during the period. X Square Capital LLC increased its stake in Tecnoglass by 5.7% during the second quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock valued at $219,000 after acquiring an additional 237 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in Tecnoglass by 3.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 9,596 shares of the company’s stock valued at $659,000 after acquiring an additional 287 shares during the period. SummerHaven Investment Management LLC increased its stake in Tecnoglass by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 13,681 shares of the company’s stock valued at $687,000 after acquiring an additional 292 shares during the period. Finally, Signaturefd LLC increased its stake in Tecnoglass by 4,735.7% during the third quarter. Signaturefd LLC now owns 677 shares of the company’s stock valued at $46,000 after acquiring an additional 663 shares during the period. Institutional investors and hedge funds own 37.35% of the company’s stock.

Tecnoglass Company Profile

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.