Vest Financial LLC Boosts Stock Holdings in Tecnoglass Inc. $TGLS

Vest Financial LLC boosted its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 14.6% during the second quarter, HoldingsChannel.com reports. The firm owned 57,022 shares of the company’s stock after acquiring an additional 7,257 shares during the period. Vest Financial LLC’s holdings in Tecnoglass were worth $4,411,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV raised its stake in Tecnoglass by 1.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,042 shares of the company’s stock worth $719,000 after purchasing an additional 160 shares during the period. Royal Bank of Canada raised its stake in Tecnoglass by 8.3% during the first quarter. Royal Bank of Canada now owns 3,121 shares of the company’s stock worth $224,000 after purchasing an additional 238 shares during the period. Principal Financial Group Inc. increased its position in shares of Tecnoglass by 1.2% in the first quarter. Principal Financial Group Inc. now owns 26,982 shares of the company’s stock worth $1,931,000 after acquiring an additional 331 shares in the last quarter. JFS Wealth Advisors LLC increased its position in shares of Tecnoglass by 1,350.0% in the first quarter. JFS Wealth Advisors LLC now owns 435 shares of the company’s stock worth $31,000 after acquiring an additional 405 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Tecnoglass in the first quarter worth $38,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Price Performance

Tecnoglass stock opened at $63.12 on Tuesday. Tecnoglass Inc. has a 52-week low of $60.25 and a 52-week high of $90.34. The firm has a fifty day moving average of $70.97 and a 200-day moving average of $74.79. The firm has a market capitalization of $2.97 billion, a P/E ratio of 19.72 and a beta of 1.83. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.07. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. Tecnoglass has set its FY 2025 guidance at EPS. As a group, analysts predict that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. Tecnoglass’s dividend payout ratio is presently 15.42%.

About Tecnoglass

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.