Tecnoglass Inc. (NYSE:TGLS – Get Free Report) major shareholder Holding Corp Energy bought 19,121 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $40.27 per share, for a total transaction of $770,002.67. Following the completion of the purchase, the insider directly owned 20,831,985 shares of the company’s stock, valued at approximately $838,904,035.95. This trade represents a 0.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 purchased 80,879 shares of Tecnoglass stock. The stock was bought at an average price of $40.56 per share, for a total transaction of $3,280,452.24.
- On Friday, March 13th, Holding Corp Energy purchased 107,629 shares of Tecnoglass stock. The stock was bought at an average price 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 price of $45.28 per share, for a total transaction of $4,872,128.00.
- On Wednesday, March 11th, Holding Corp Energy bought 92,066 shares of Tecnoglass stock. The shares were acquired at an average price of $44.24 per share, for a total transaction of $4,072,999.84.
- On Tuesday, March 10th, Holding Corp Energy purchased 107,600 shares of Tecnoglass stock. The shares were bought at an average cost of $43.41 per share, with a total value of $4,670,916.00.
- On Monday, March 9th, Holding Corp Energy bought 107,000 shares of Tecnoglass stock. The stock was acquired at an average cost of $41.06 per share, with a total value of $4,393,420.00.
Tecnoglass Trading Up 0.1%
NYSE:TGLS opened at $38.65 on Monday. The company has a market capitalization of $1.71 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 0.64 and a beta of 1.42. The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Tecnoglass Inc. has a 52-week low of $37.52 and a 52-week high of $90.34. The stock has a fifty day simple moving average of $43.10 and a 200-day simple moving average of $48.15.
Tecnoglass Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.6%. Tecnoglass’s payout ratio is 18.58%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on TGLS shares. Robert W. Baird cut their target price on Tecnoglass from $62.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. B. Riley Financial dropped their price target on Tecnoglass from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Tecnoglass in a research note on Friday, April 10th. Zacks Research downgraded Tecnoglass from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, DA Davidson decreased their price target on Tecnoglass from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.33.
View Our Latest Stock Analysis on TGLS
Institutional Investors Weigh In On Tecnoglass
Several hedge funds have recently bought and sold shares of the business. Capital World Investors lifted its stake in Tecnoglass by 6.2% in the 3rd quarter. Capital World Investors now owns 1,794,272 shares of the company’s stock worth $120,055,000 after acquiring an additional 104,132 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tecnoglass by 15.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,243,496 shares of the company’s stock valued at $55,395,000 after acquiring an additional 161,955 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Tecnoglass by 17.8% during the 4th quarter. First Trust Advisors LP now owns 1,209,419 shares of the company’s stock valued at $60,858,000 after acquiring an additional 182,449 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Tecnoglass by 9.6% during the 3rd quarter. American Century Companies Inc. now owns 1,022,101 shares of the company’s stock valued at $68,389,000 after acquiring an additional 89,175 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Tecnoglass by 2.2% in the 3rd quarter. William Blair Investment Management LLC now owns 937,463 shares of the company’s stock valued at $62,726,000 after buying an additional 20,071 shares during the last quarter. 37.35% of the stock is owned by hedge funds and other institutional investors.
Tecnoglass Company Profile
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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