Tecnoglass (NYSE:TGLS – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.
Separately, Weiss Ratings raised Tecnoglass from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.33.
Check Out Our Latest Analysis on Tecnoglass
Tecnoglass Stock Performance
Shares of TGLS stock opened at $37.64 on Tuesday. The stock has a market cap of $1.67 billion and a PE ratio of 13.25. The business has a 50-day simple moving average of $38.10 and a 200-day simple moving average of $41.79. The company has a quick ratio of 1.17, a current ratio of 1.86 and a debt-to-equity ratio of 0.28. Tecnoglass has a 52-week low of $34.05 and a 52-week high of $61.35.
Tecnoglass (NYSE:TGLS – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $295.29 million for the quarter. Tecnoglass had a return on equity of 17.84% and a net margin of 12.35%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. On average, equities analysts expect that Tecnoglass will post 2.57 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. State of Wyoming boosted its holdings in Tecnoglass by 53.1% in the 1st quarter. State of Wyoming now owns 1,415 shares of the company’s stock worth $63,000 after buying an additional 491 shares during the last quarter. Parallel Advisors LLC increased its stake in Tecnoglass by 444.0% during the 1st quarter. Parallel Advisors LLC now owns 952 shares of the company’s stock worth $42,000 after buying an additional 777 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Tecnoglass by 276.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,359 shares of the company’s stock valued at $68,000 after acquiring an additional 998 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Tecnoglass by 59.3% during the first quarter. Sanctuary Advisors LLC now owns 6,903 shares of the company’s stock valued at $308,000 after acquiring an additional 2,570 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Tecnoglass by 30.9% during the first quarter. Quantinno Capital Management LP now owns 12,743 shares of the company’s stock valued at $568,000 after acquiring an additional 3,009 shares during the last quarter. Institutional investors and hedge funds own 37.35% of the company’s stock.
About Tecnoglass
Tecnoglass Inc (NYSE:TGLS) is a manufacturer of architectural glass, windows and aluminum products for residential and commercial construction. The company produces impact- and non-impact-resistant windows and doors, insulated and laminated glass, curtain wall systems, storefronts, railings and related architectural components.
Founded in 1994, Tecnoglass is headquartered in Barranquilla, Colombia, where it operates integrated manufacturing facilities serving the building-products market.
Featured Articles
- Five stocks we like better than Tecnoglass
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Receive News & Ratings for Tecnoglass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass and related companies with MarketBeat.com's FREE daily email newsletter.
