Tecnoglass (NASDAQ:TGLS) Sets New 1-Year High – Time to Buy?

Shares of Tecnoglass Inc. (NASDAQ:TGLS) hit a new 52-week high during trading on Wednesday . The stock traded as high as $84.59 and last traded at $84.33, with a volume of 9758 shares. The stock had previously closed at $81.64.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird upped their target price on Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Raymond James cut shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 22nd. Sidoti lowered Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research note on Tuesday, October 22nd. StockNews.com initiated coverage on Tecnoglass in a research report on Friday, December 6th. They set a “hold” rating for the company. Finally, B. Riley reiterated a “neutral” rating and issued a $72.00 target price (up previously from $69.00) on shares of Tecnoglass in a research report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $77.40.

Tecnoglass Trading Up 3.0 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 25.57 and a beta of 1.89. The business has a fifty day simple moving average of $74.76 and a 200-day simple moving average of $62.10.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share (EPS) for the quarter, beating 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 company had revenue of $237.90 million during the quarter, compared to the consensus estimate of $240.19 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. As a group, equities analysts forecast that Tecnoglass Inc. will post 3.55 earnings per share for the current fiscal year.

Insider Transactions at Tecnoglass

In other news, Director Julio A. Torres sold 30,520 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total value of $2,222,771.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of Tecnoglass stock in a transaction on Tuesday, November 12th. The stock was 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 $1,693,771,043.76. This 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 company insiders.

Institutional Trading of Tecnoglass

A number of institutional investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in shares of Tecnoglass by 3.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,066 shares of the company’s stock valued at $355,000 after purchasing an additional 220 shares in the last quarter. X Square Capital LLC boosted its holdings 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 buying an additional 237 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Tecnoglass by 3.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 9,596 shares of the company’s stock worth $659,000 after buying an additional 287 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of 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 acquiring an additional 292 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Tecnoglass by 4,735.7% in the 3rd quarter. Signaturefd LLC now owns 677 shares of the company’s stock valued at $46,000 after acquiring an additional 663 shares in the last quarter. Institutional investors 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.