Cookson Peirce & Co. Inc. Makes New Investment in Tecnoglass Inc. (NASDAQ:TGLS)

Cookson Peirce & Co. Inc. purchased a new position in shares of Tecnoglass Inc. (NASDAQ:TGLS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,236 shares of the company’s stock, valued at approximately $971,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of Tecnoglass by 29.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company’s stock worth $134,994,000 after buying an additional 447,647 shares in the last quarter. Polaris Capital Management LLC boosted its holdings in shares of Tecnoglass by 2.5% during the 4th quarter. Polaris Capital Management LLC now owns 860,964 shares of the company’s stock worth $68,292,000 after buying an additional 20,800 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tecnoglass by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 500,265 shares of the company’s stock worth $34,355,000 after buying an additional 22,700 shares in the last quarter. State Street Corp raised its position in shares of Tecnoglass by 29.1% during the third quarter. State Street Corp now owns 416,964 shares of the company’s stock worth $28,674,000 after purchasing an additional 93,968 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Tecnoglass by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company’s stock worth $14,620,000 after purchasing an additional 913 shares during the period. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Trading Down 0.3 %

Shares of Tecnoglass stock opened at $68.95 on Thursday. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $86.99. The firm has a market cap of $3.24 billion, a PE ratio of 21.55 and a beta of 1.94. The stock has a fifty day moving average price of $77.08 and a 200-day moving average price of $73.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63.

Tecnoglass Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from Tecnoglass’s previous quarterly dividend of $0.11. This represents a $0.60 annualized dividend and a dividend yield of 0.87%. Tecnoglass’s dividend payout ratio (DPR) is currently 17.49%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their target price on Tecnoglass from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com assumed coverage on Tecnoglass in a research report on Saturday, December 14th. They issued a “hold” rating for the company. Finally, DA Davidson increased their price target on Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tecnoglass has an average rating of “Hold” and an average target price of $77.40.

Tecnoglass Company Profile

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.