Tecnoglass (NASDAQ:TGLS) Sets New 12-Month High – Should You Buy?

Shares of Tecnoglass Inc. (NASDAQ:TGLS) reached a new 52-week high on Monday . The stock traded as high as $82.01 and last traded at $81.80, with a volume of 43323 shares. The stock had previously closed at $79.34.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TGLS shares. DA Davidson boosted their price objective on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their target price on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Robert W. Baird upped their price target on shares of Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Sidoti lowered shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research note on Tuesday, October 22nd. Finally, Raymond James cut shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.40.

Tecnoglass Trading Up 0.8 %

The firm’s 50 day moving average is $72.06 and its 200 day moving average is $60.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The company has a market cap of $3.74 billion, a PE ratio of 24.67 and a beta of 1.86.

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

Tecnoglass Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.11 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.55%. Tecnoglass’s dividend payout ratio (DPR) is presently 13.75%.

Insider Buying and Selling at Tecnoglass

In other Tecnoglass news, major shareholder Holding Corp Energy sold 1,432,120 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 23,195,988 shares in the company, valued at $1,693,771,043.76. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Julio A. Torres sold 30,520 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were 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. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Tecnoglass

Institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC bought a new stake in Tecnoglass in the first quarter valued at approximately $245,000. Walleye Trading LLC boosted its position in Tecnoglass by 664.2% during the 1st quarter. Walleye Trading LLC now owns 5,884 shares of the company’s stock valued at $306,000 after buying an additional 5,114 shares during the period. Virtu Financial LLC grew its holdings in Tecnoglass by 30.1% in the 1st quarter. Virtu Financial LLC now owns 7,806 shares of the company’s stock worth $406,000 after acquiring an additional 1,807 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Tecnoglass by 10.0% in the second quarter. Linden Thomas Advisory Services LLC now owns 10,150 shares of the company’s stock valued at $509,000 after acquiring an additional 920 shares during the period. Finally, SummerHaven Investment Management LLC raised its stake in shares of 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 last quarter. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

About Tecnoglass

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.