Tecnoglass (NYSE:TGLS) Hits New 1-Year Low – What’s Next?

Tecnoglass Inc. (NYSE:TGLS)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $35.58 and last traded at $35.95, with a volume of 424565 shares. The stock had previously closed at $35.77.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TGLS. Weiss Ratings cut Tecnoglass from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 17th. Zacks Research raised shares of Tecnoglass from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.33.

Tecnoglass Price Performance

The company has a quick ratio of 1.17, a current ratio of 1.86 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $41.65 and its 200-day moving average is $42.77.

Tecnoglass (NYSE:TGLS) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $295.29 million for the quarter. Tecnoglass had a net margin of 12.35% and a return on equity of 17.84%. The company’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. Equities research analysts predict that Tecnoglass Inc. will post 2.57 earnings per share for the current year.

Tecnoglass Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders 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 dividend yield of 1.6%. Tecnoglass’s dividend payout ratio (DPR) is presently 21.13%.

Institutional Trading of Tecnoglass

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC grew its position in shares of Tecnoglass by 263.3% during the 4th 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 last quarter. Fourth Sail Capital LP acquired a new position in shares of Tecnoglass during the fourth quarter valued at approximately $17,461,000. CenterBook Partners LP raised its stake in shares of Tecnoglass by 64.2% in the 4th quarter. CenterBook Partners LP now owns 130,761 shares of the company’s stock worth $6,580,000 after buying an additional 51,145 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Tecnoglass in the 1st quarter valued at about $1,656,000. Finally, Dimensional Fund Advisors LP lifted its stake in Tecnoglass by 15.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,243,496 shares of the company’s stock valued at $55,395,000 after purchasing an additional 161,955 shares during the last quarter. 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.