Tecnoglass Inc. (NASDAQ:TGLS) Director Julio A. Torres Sells 30,520 Shares

Tecnoglass Inc. (NASDAQ:TGLS) Director Julio A. Torres sold 30,520 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total value of $2,222,771.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tecnoglass Stock Down 6.9 %

TGLS opened at $73.93 on Wednesday. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 23.10 and a beta of 1.86. The firm has a 50 day moving average price of $69.29 and a 200-day moving average price of $58.65. Tecnoglass Inc. has a twelve month low of $32.69 and a twelve month high of $80.51. The company has a quick ratio of 1.80, a current ratio of 2.43 and a debt-to-equity ratio of 0.24.

Tecnoglass (NASDAQ:TGLS) last announced its earnings results on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.11. The business had revenue of $237.90 million during the quarter, compared to analyst estimates of $240.19 million. Tecnoglass had a net margin of 17.82% and a return on equity of 28.30%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Equities research analysts forecast that Tecnoglass Inc. will post 3.52 earnings per share for the current year.

Tecnoglass Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 0.60%. Tecnoglass’s payout ratio is 13.75%.

Wall Street Analysts Forecast Growth

TGLS has been the topic of a number of analyst reports. Sidoti cut shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research note on Tuesday, October 22nd. Raymond James downgraded shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. B. Riley reissued a “neutral” rating and set a $72.00 price target (up previously from $69.00) on shares of Tecnoglass in a research report on Thursday, October 10th. Stifel Nicolaus upped their price objective on Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Finally, Robert W. Baird lifted their target price on Tecnoglass from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $77.40.

Institutional Investors Weigh In On Tecnoglass

A number of large investors have recently made changes to their positions in the company. Amalgamated Bank purchased a new position in shares of Tecnoglass in the second quarter worth approximately $39,000. Signaturefd LLC boosted its stake in shares of Tecnoglass by 4,735.7% during the 3rd quarter. Signaturefd LLC now owns 677 shares of the company’s stock worth $46,000 after acquiring an additional 663 shares during the last quarter. X Square Capital LLC grew its position in shares of Tecnoglass by 5.7% during the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock valued at $219,000 after acquiring an additional 237 shares during the period. PFG Investments LLC purchased a new stake in shares of Tecnoglass in the 2nd quarter worth $220,000. Finally, EntryPoint Capital LLC bought a new position in Tecnoglass in the 1st quarter worth $227,000. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Company Profile

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.