Key Points
- Anne Louise Carricarte, a Tecnoglass director, bought 1,100 shares on March 6 at an average price of $43.27, spending $47,597 (transaction disclosed in an SEC filing).
- Tecnoglass missed quarterly expectations, reporting $0.63 EPS versus $0.84 expected on $245.3 million of revenue (revenue up 3% year‑over‑year).
- The stock has a consensus rating of "Hold" with an average price target of $67.50; the company trades around a $1.90 billion market cap and a 12‑month range of $40.09 to $90.34 amid mixed analyst revisions.
Tecnoglass Inc. (NYSE:TGLS - Get Free Report) Director Anne Louise Carricarte bought 1,100 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of $43.27 per share, with a total value of $47,597.00. Following the completion of the transaction, the director owned 1,100 shares in the company, valued at $47,597. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Tecnoglass Trading Up 0.2%
NYSE TGLS opened at $42.53 on Wednesday. The firm has a market capitalization of $1.90 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.54 and a beta of 1.72. The business's 50-day moving average price is $50.09 and its two-hundred day moving average price is $56.02. The company has a current ratio of 1.86, a quick ratio of 1.25 and a debt-to-equity ratio of 0.24. Tecnoglass Inc. has a 12 month low of $40.09 and a 12 month high of $90.34.
Tecnoglass (NYSE:TGLS - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.21). Tecnoglass had a return on equity of 23.05% and a net margin of 16.22%.The company had revenue of $245.30 million during the quarter. During the same quarter in the prior year, the company posted $1.05 earnings per share. Tecnoglass's revenue for the quarter was up 3.0% compared to the same quarter last year.
Hedge Funds Weigh In On Tecnoglass
A number of institutional investors and hedge funds have recently made changes to their positions in TGLS. Invesco Ltd. grew its stake in shares of Tecnoglass by 2.6% in the 4th quarter. Invesco Ltd. now owns 33,225 shares of the company's stock valued at $1,672,000 after buying an additional 827 shares during the period. Blue Chip Partners LLC boosted its holdings in Tecnoglass by 6.3% in the fourth quarter. Blue Chip Partners LLC now owns 4,250 shares of the company's stock worth $214,000 after acquiring an additional 250 shares in the last quarter. Empowered Funds LLC acquired a new stake in Tecnoglass in the fourth quarter valued at approximately $49,000. XTX Topco Ltd acquired a new stake in Tecnoglass in the fourth quarter valued at approximately $3,023,000. Finally, one8zero8 LLC increased its holdings in shares of Tecnoglass by 3.8% during the fourth quarter. one8zero8 LLC now owns 96,376 shares of the company's stock valued at $4,850,000 after acquiring an additional 3,570 shares in the last quarter. Institutional investors own 37.35% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on TGLS. B. Riley Financial reduced their price objective on shares of Tecnoglass from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, March 6th. Zacks Research cut shares of Tecnoglass from a "hold" rating to a "strong sell" rating in a research report on Monday, March 2nd. DA Davidson lowered their price objective on Tecnoglass from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Tecnoglass in a research report on Monday, December 22nd. Two investment 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. According to MarketBeat, Tecnoglass has a consensus rating of "Hold" and an average price target of $67.50.
Check Out Our Latest Report on TGLS
Tecnoglass Company Profile
(
Get Free Report)
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.
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