Tecnoglass Inc. (NASDAQ:TGLS) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Tecnoglass Inc. (NASDAQ:TGLSFree Report) by 48.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,554 shares of the company’s stock after acquiring an additional 3,445 shares during the quarter. SG Americas Securities LLC’s holdings in Tecnoglass were worth $837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. USA Financial Formulas purchased a new stake in Tecnoglass in the 4th quarter worth $26,000. International Assets Investment Management LLC purchased a new stake in shares of Tecnoglass during the fourth quarter worth $243,000. JPMorgan Chase & Co. grew its holdings in shares of Tecnoglass by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company’s stock worth $1,321,000 after buying an additional 1,146 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Tecnoglass during the third quarter worth $2,211,000. Finally, DGS Capital Management LLC purchased a new stake in shares of Tecnoglass during the third quarter worth $204,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Stock Performance

Shares of TGLS stock opened at $77.71 on Thursday. The firm has a market capitalization of $3.65 billion, a P/E ratio of 24.28 and a beta of 1.90. The company’s fifty day moving average price is $80.56 and its two-hundred day moving average price is $70.01. 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 Inc. has a 12 month low of $40.94 and a 12 month high of $86.99.

Tecnoglass (NASDAQ:TGLSGet Free Report) last posted its earnings results on Thursday, November 7th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.97 by $0.11. The firm had revenue of $237.90 million during the quarter, compared to analysts’ expectations of $240.19 million. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. Tecnoglass’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, research analysts anticipate that Tecnoglass Inc. will post 3.55 earnings per share for the current fiscal year.

Tecnoglass Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.15 dividend. This is an increase from Tecnoglass’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. Tecnoglass’s dividend payout ratio is presently 18.75%.

Wall Street Analyst Weigh In

TGLS has been the topic of several recent research reports. Sidoti cut shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research report on Tuesday, October 22nd. Raymond James lowered Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 22nd. DA Davidson upped their price objective on Tecnoglass from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Robert W. Baird boosted their target price on shares of Tecnoglass from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, StockNews.com started coverage on shares of Tecnoglass in a research note on Saturday, December 14th. They issued a “hold” rating for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tecnoglass presently has an average rating of “Hold” and a consensus price target of $77.40.

Check Out Our Latest Stock Report on Tecnoglass

Insiders Place Their Bets

In other news, major shareholder Holding Corp Energy sold 1,432,120 shares of the stock in a transaction on 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 owns 23,195,988 shares in the company, valued at $1,693,771,043.76. This represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julio A. Torres sold 30,520 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total transaction of $2,222,771.60. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

About Tecnoglass

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Tecnoglass (NASDAQ:TGLS)

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