Tecnoglass (NASDAQ:TGLS) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Tecnoglass (NASDAQ:TGLS) in a report issued on Saturday. The firm set a “hold” rating on the stock.

A number of other equities analysts also recently commented on the company. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. 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. Sidoti downgraded Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Tuesday, October 22nd. DA Davidson upped their price target on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $72.00 price objective (up previously from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.40.

Tecnoglass Price Performance

Shares of NASDAQ TGLS opened at $83.72 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. Tecnoglass has a 1-year low of $40.49 and a 1-year high of $86.08. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 26.16 and a beta of 1.89. The business has a 50-day moving average of $75.66 and a 200-day moving average of $62.75.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.08 EPS for the quarter, topping 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 firm had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. On average, equities analysts anticipate that Tecnoglass will post 3.55 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Holding Corp Energy sold 1,432,120 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Julio A. Torres sold 30,520 shares of the company’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 disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tecnoglass

A number of institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in Tecnoglass in the 3rd quarter worth approximately $2,211,000. Rhumbline Advisers acquired a new stake in shares of Tecnoglass in the second quarter worth $1,468,000. The Manufacturers Life Insurance Company bought a new position in Tecnoglass during the second quarter worth $589,000. GSA Capital Partners LLP raised its stake in Tecnoglass by 262.4% during the 3rd quarter. GSA Capital Partners LLP now owns 20,089 shares of the company’s stock valued at $1,379,000 after purchasing an additional 14,545 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new stake in Tecnoglass in the 3rd quarter valued at $1,237,000. 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.