Tecnoglass (NYSE:TGLS) Hits New 12-Month Low – Time to Sell?

Tecnoglass Inc. (NYSE:TGLS)’s stock price reached a new 52-week low on Monday . The stock traded as low as $37.29 and last traded at $37.2850, with a volume of 82822 shares. The stock had previously closed at $38.32.

Analyst Ratings Changes

A number of research analysts have commented on TGLS shares. Zacks Research raised Tecnoglass from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tecnoglass in a report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.33.

Tecnoglass Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.86 and a quick ratio of 1.17. The business’s 50-day moving average price is $42.36 and its two-hundred day moving average price is $43.10.

Tecnoglass (NYSE:TGLS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $295.29 million for the quarter. Tecnoglass had a return on equity of 17.84% and a net margin of 12.35%.The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. On average, sell-side analysts anticipate that Tecnoglass Inc. will post 2.58 earnings per share for the current year.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.60 annualized dividend and a yield of 1.7%. Tecnoglass’s dividend payout ratio is currently 21.13%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC increased its stake in shares of Tecnoglass by 263.3% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 76,300 shares of the company’s stock valued at $3,839,000 after buying an additional 55,300 shares during the period. Fourth Sail Capital LP acquired a new stake in shares of Tecnoglass in the fourth quarter valued at about $17,461,000. CenterBook Partners LP raised its position in shares of Tecnoglass by 64.2% during the fourth quarter. CenterBook Partners LP now owns 130,761 shares of the company’s stock worth $6,580,000 after acquiring an additional 51,145 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Tecnoglass in the first quarter worth approximately $1,656,000. Finally, Connors Investor Services Inc. acquired a new stake in Tecnoglass during the 4th quarter valued at approximately $2,074,000. 37.35% of the stock is owned by institutional investors.

Tecnoglass Company Profile

Tecnoglass Inc is a manufacturer of architectural glass, windows and aluminum products for residential and commercial construction. The company produces impact-resistant and non-impact windows and doors, insulated and laminated glass, curtain-wall systems, storefronts, and aluminum profiles and framing systems.

Founded in 1994, Tecnoglass is headquartered in Barranquilla, Colombia, where it operates a vertically integrated manufacturing platform. Its products are used in new construction and renovation projects, including high-rise buildings, multifamily housing, commercial properties and single-family homes.

Tecnoglass serves customers primarily in the United States, as well as in Colombia and other international markets across Latin America and the Caribbean.