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

Tecnoglass Inc. (NYSE:TGLS) major shareholder Holding Corp Energy acquired 19,121 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $40.27 per share, for a total transaction of $770,002.67. Following the completion of the acquisition, the insider directly owned 20,831,985 shares of the company’s stock, valued at $838,904,035.95. The trade was a 0.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, May 14th, Holding Corp Energy acquired 80,879 shares of Tecnoglass stock. The stock was acquired 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 acquired 107,629 shares of Tecnoglass stock. The stock was acquired 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 acquired 107,600 shares of Tecnoglass stock. The stock was 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 stock was purchased at an average cost of $44.24 per share, for a total transaction of $4,072,999.84.
• On Tuesday, March 10th, Holding Corp Energy bought 107,600 shares of Tecnoglass stock. The stock was purchased at an average cost of $43.41 per share, for a total transaction of $4,670,916.00.
• On Monday, March 9th, Holding Corp Energy bought 107,000 shares of Tecnoglass stock. The stock was purchased at an average cost of $41.06 per share, for a total transaction of $4,393,420.00.

Tecnoglass Stock Down 1.1%

Shares of NYSE TGLS opened at $39.02 on Wednesday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.66 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 business’s 50 day moving average is $42.95 and its two-hundred day moving average is $47.87.

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 analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $249.01 million for the quarter, compared to analyst estimates of $243.00 million. Tecnoglass had a return on equity of 21.51% and a net margin of 14.77%.The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. Research analysts predict that Tecnoglass Inc. will post 2.73 EPS for the current year.

Tecnoglass Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.5%. Tecnoglass’s payout ratio is presently 18.58%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TGLS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tecnoglass in a research report on Friday, April 10th. B. Riley Financial cut their target price on Tecnoglass from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Robert W. Baird cut their price objective on Tecnoglass from $62.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. DA Davidson cut their price objective on Tecnoglass from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Finally, Zacks Research lowered Tecnoglass from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $63.33.

Institutional Trading of Tecnoglass

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of 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 acquiring an additional 238 shares during the period. Blue Chip Partners LLC increased its position in shares of Tecnoglass by 6.3% during the fourth quarter. Blue Chip Partners LLC now owns 4,250 shares of the company’s stock worth $214,000 after acquiring an additional 250 shares during the period. First Horizon Corp increased its holdings in Tecnoglass by 63.3% in the fourth quarter. First Horizon Corp now owns 673 shares of the company’s stock valued at $34,000 after buying an additional 261 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Tecnoglass by 2.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 12,459 shares of the company’s stock valued at $627,000 after buying an additional 295 shares during the last quarter. Finally, Arax Advisory Partners increased its holdings in Tecnoglass by 128.4% in the fourth quarter. Arax Advisory Partners now owns 596 shares of the company’s stock valued at $30,000 after buying an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 37.35% 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.