Neumeier Poma Investment Counsel LLC Sells 172,669 Shares of Tecnoglass Inc. $TGLS

Neumeier Poma Investment Counsel LLC trimmed its position in shares of Tecnoglass Inc. (NYSE:TGLS) by 63.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 97,941 shares of the company’s stock after selling 172,669 shares during the quarter. Neumeier Poma Investment Counsel LLC’s holdings in Tecnoglass were worth $6,553,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TGLS. Ameritas Investment Partners Inc. raised its position in Tecnoglass by 5.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,485 shares of the company’s stock valued at $192,000 after purchasing an additional 135 shares during the last quarter. Royal Bank of Canada grew its position in shares of Tecnoglass by 8.3% in the 1st quarter. Royal Bank of Canada now owns 3,121 shares of the company’s stock worth $224,000 after buying an additional 238 shares during the last quarter. SkyOak Wealth LLC increased its stake in shares of Tecnoglass by 8.8% during the third quarter. SkyOak Wealth LLC now owns 3,709 shares of the company’s stock valued at $248,000 after buying an additional 299 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Tecnoglass by 4.2% during the second quarter. Osaic Holdings Inc. now owns 8,349 shares of the company’s stock valued at $647,000 after acquiring an additional 337 shares in the last quarter. Finally, First Horizon Corp purchased a new stake in Tecnoglass in the third quarter worth $28,000. 37.35% of the stock is owned by institutional investors.

Tecnoglass Price Performance

TGLS opened at $49.05 on Thursday. Tecnoglass Inc. has a 12-month low of $44.26 and a 12-month high of $90.34. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.55 and a beta of 1.71. The company has a current ratio of 1.98, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $51.36 and a two-hundred day simple moving average of $58.10.

Tecnoglass Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.2%. Tecnoglass’s payout ratio is presently 15.58%.

Analyst Ratings Changes

A number of research analysts have issued reports on TGLS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tecnoglass in a research report on Monday, December 22nd. Zacks Research raised shares of Tecnoglass from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, DA Davidson reduced their price target on shares of Tecnoglass from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tecnoglass currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Tecnoglass Profile

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company’s product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.