Robert W. Baird Increases Tecnoglass (NASDAQ:TGLS) Price Target to $65.00

Tecnoglass (NASDAQ:TGLSFree Report) had its price target raised by Robert W. Baird from $56.00 to $65.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on TGLS. DA Davidson reiterated a buy rating and set a $50.00 price objective on shares of Tecnoglass in a research report on Monday, March 4th. B. Riley increased their price objective on shares of Tecnoglass from $51.00 to $65.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus cut shares of Tecnoglass from a buy rating to a hold rating and decreased their price objective for the stock from $48.00 to $45.00 in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $54.00.

Get Our Latest Analysis on TGLS

Tecnoglass Price Performance

TGLS stock opened at $54.71 on Thursday. The company has a 50 day simple moving average of $49.45 and a 200 day simple moving average of $42.85. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 14.21 and a beta of 1.80. Tecnoglass has a 1 year low of $28.21 and a 1 year high of $59.76. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.27 and a quick ratio of 1.60.

Tecnoglass (NASDAQ:TGLSGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $194.60 million during the quarter, compared to analysts’ expectations of $199.93 million. Tecnoglass had a net margin of 21.95% and a return on equity of 38.92%. Research analysts anticipate that Tecnoglass will post 3.7 EPS for the current fiscal year.

Tecnoglass Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from Tecnoglass’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, March 27th. Tecnoglass’s dividend payout ratio (DPR) is 11.43%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of Tecnoglass by 84.6% during the third quarter. American Century Companies Inc. now owns 2,105,685 shares of the company’s stock valued at $69,403,000 after purchasing an additional 965,316 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of Tecnoglass by 35.8% during the fourth quarter. Cooke & Bieler LP now owns 1,300,179 shares of the company’s stock valued at $59,431,000 after purchasing an additional 342,451 shares in the last quarter. BlackRock Inc. lifted its position in shares of Tecnoglass by 107.4% during the first quarter. BlackRock Inc. now owns 994,989 shares of the company’s stock valued at $25,114,000 after purchasing an additional 515,151 shares in the last quarter. Millennium Management LLC increased its holdings in Tecnoglass by 36.4% during the fourth quarter. Millennium Management LLC now owns 830,894 shares of the company’s stock worth $25,567,000 after buying an additional 221,679 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Tecnoglass by 58.8% during the fourth quarter. Victory Capital Management Inc. now owns 815,756 shares of the company’s stock worth $37,288,000 after buying an additional 302,163 shares during the last quarter. 37.35% of the stock is owned by institutional investors.

Tecnoglass Company Profile

(Get 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.

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