Thompson Siegel & Walmsley LLC Raises Stock Holdings in Tecnoglass Inc. $TGLS

Thompson Siegel & Walmsley LLC lifted its holdings in Tecnoglass Inc. (NYSE:TGLS) by 263.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,300 shares of the company’s stock after buying an additional 55,300 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Tecnoglass were worth $3,839,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. raised its holdings in shares of Tecnoglass by 290.2% in the third quarter. Federated Hermes Inc. now owns 597 shares of the company’s stock worth $40,000 after buying an additional 444 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Tecnoglass by 223.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 637 shares of the company’s stock worth $43,000 after purchasing an additional 440 shares in the last quarter. First Horizon Corp grew its stake in Tecnoglass by 63.3% in the fourth quarter. First Horizon Corp now owns 673 shares of the company’s stock worth $34,000 after purchasing an additional 261 shares in the last quarter. State of Wyoming bought a new position in Tecnoglass in the third quarter worth approximately $178,000. Finally, Prudential Financial Inc. bought a new position in Tecnoglass in the second quarter worth approximately $217,000. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Tecnoglass Stock Up 0.6%

Shares of NYSE TGLS opened at $43.83 on Wednesday. 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 stock has a market capitalization of $1.94 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42. The stock’s fifty day simple moving average is $42.66 and its two-hundred day simple moving average is $47.12. Tecnoglass Inc. has a 12-month low of $37.52 and a 12-month high of $90.34.

Tecnoglass (NYSE:TGLS) last announced its earnings results on Friday, May 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $249.01 million for the quarter, compared to analysts’ expectations of $243.00 million. Tecnoglass had a return on equity of 21.51% and a net margin of 14.77%.The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. As a group, analysts expect that Tecnoglass Inc. will post 2.73 EPS for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Tecnoglass’s dividend payout ratio (DPR) is 18.58%.

Analysts Set New Price Targets

Several research analysts recently issued reports on TGLS shares. DA Davidson dropped their price objective on Tecnoglass from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. B. Riley Financial dropped their price objective on Tecnoglass from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Robert W. Baird dropped their price objective on Tecnoglass from $62.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings cut Tecnoglass from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 20th. Finally, Zacks Research cut Tecnoglass from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.33.

Insider Buying and Selling at Tecnoglass

In other Tecnoglass news, Director Anne Louise Carricarte acquired 1,100 shares of the stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $43.27 per share, with a total value of $47,597.00. Following the transaction, the director directly owned 1,100 shares of the company’s stock, valued at $47,597. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holding Corp Energy acquired 19,121 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $40.27 per share, with a total value of $770,002.67. Following the transaction, the insider directly owned 20,831,985 shares in the company, valued at approximately $838,904,035.95. This represents a 0.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 622,995 shares of company stock worth $26,962,660 in the last ninety days. Insiders own 0.06% of the company’s stock.

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.