Holding Corp Energy Purchases 19,121 Shares of Tecnoglass (NYSE:TGLS) Stock

Key Points

  • Major shareholder Holding Corp Energy bought 80,879 Tecnoglass shares on May 14 at an average price of $40.56, spending about $3.28 million. After the purchase, it owned 20.81 million shares, a 0.39% increase in its stake.
  • Tecnoglass beat quarterly expectations, reporting EPS of $0.78 versus the $0.72 consensus and revenue of $249.01 million versus $243.00 million expected. Revenue rose 12% year over year, and analysts currently expect full-year EPS of 2.73.
  • The stock has pulled back despite insider buying and solid results, opening at $39.46 and trading well below its 52-week high of $90.34. The company also pays a quarterly dividend of $0.15 per share, equal to a 1.5% annualized yield.

Tecnoglass Inc. (NYSE:TGLS - Get Free Report) major shareholder Holding Corp Energy bought 19,121 shares of the company's stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $40.27 per share, for a total transaction of $770,002.67. Following the completion of the transaction, the insider owned 20,831,985 shares of the company's stock, valued at approximately $838,904,035.95. The trade was a 0.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Holding Corp Energy also recently made the following trade(s):

  • On Thursday, May 14th, Holding Corp Energy bought 80,879 shares of Tecnoglass stock. The shares were acquired at an average cost of $40.56 per share, for a total transaction of $3,280,452.24.
  • On Friday, March 13th, Holding Corp Energy bought 107,629 shares of Tecnoglass stock. The shares were acquired at an average cost of $45.11 per share, for a total transaction of $4,855,144.19.
  • On Thursday, March 12th, Holding Corp Energy bought 107,600 shares of Tecnoglass stock. The shares were acquired at an average cost of $45.28 per share, for a total transaction of $4,872,128.00.
  • On Wednesday, March 11th, Holding Corp Energy purchased 92,066 shares of Tecnoglass stock. The stock was bought at an average price of $44.24 per share, with a total value of $4,072,999.84.
  • On Tuesday, March 10th, Holding Corp Energy purchased 107,600 shares of Tecnoglass stock. The stock was bought at an average price of $43.41 per share, with a total value of $4,670,916.00.
  • On Monday, March 9th, Holding Corp Energy purchased 107,000 shares of Tecnoglass stock. The stock was bought at an average price of $41.06 per share, with a total value of $4,393,420.00.

Tecnoglass Stock Up 2.2%




Shares of NYSE:TGLS opened at $39.46 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $43.01 and a 200 day simple moving average of $48.01. The firm has a market cap of $1.75 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.64 and a beta of 1.42. Tecnoglass Inc. has a 12-month low of $37.52 and a 12-month high of $90.34.

Tecnoglass (NYSE:TGLS - Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $249.01 million during the quarter, compared to analyst estimates of $243.00 million. Tecnoglass had a net margin of 14.77% and a return on equity of 21.51%. The business's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. On average, equities research analysts anticipate that Tecnoglass Inc. will post 2.73 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Tecnoglass's payout ratio is currently 18.58%.

Analyst Ratings Changes

Several brokerages recently weighed in on TGLS. Robert W. Baird lowered their price objective on Tecnoglass from $62.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, April 21st. DA Davidson lowered their target price on shares of Tecnoglass from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Monday, March 2nd. B. Riley Financial lowered their target price on shares of Tecnoglass from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Zacks Research lowered shares of Tecnoglass from a "hold" rating to a "strong sell" rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Tecnoglass in a research note on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $63.33.

Check Out Our Latest Report on Tecnoglass

Hedge Funds Weigh In On Tecnoglass

A number of institutional investors and hedge funds have recently bought and sold shares of TGLS. Citigroup Inc. grew its position in Tecnoglass by 445.3% in the 3rd quarter. Citigroup Inc. now owns 526,061 shares of the company's stock valued at $35,199,000 after buying an additional 429,590 shares in the last quarter. Fourth Sail Capital LP bought a new position in Tecnoglass in the 4th quarter valued at about $17,461,000. Jane Street Group LLC grew its position in Tecnoglass by 2,640.4% in the 2nd quarter. Jane Street Group LLC now owns 326,113 shares of the company's stock valued at $25,228,000 after buying an additional 314,213 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Tecnoglass by 195.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 285,426 shares of the company's stock valued at $14,363,000 after buying an additional 188,975 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Tecnoglass by 17.8% in the 4th quarter. First Trust Advisors LP now owns 1,209,419 shares of the company's stock valued at $60,858,000 after buying an additional 182,449 shares in the last quarter. Institutional investors own 37.35% of the company's stock.

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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