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Tecnoglass said on March 13, 2023 that its board of directors declared a regular
quarterly dividend of $0.09 per share ($0.36 annualized).
Previously, the company paid $0.08 per share.
Shares must be purchased before the ex-div date of March 30, 2023 to qualify for the dividend.
Shareholders of record as of March 31, 2023
will receive the payment on April 28, 2023.
At the current share price of $39.67 / share,
the stock’s dividend yield is 0.91%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.56%,
the lowest has been 0.33%,
and the highest has been 8.89%.
The standard deviation of yields is 2.82 (n=237).
The current dividend yield is
0.94 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.09.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 1.73%,
demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 19.30% Upside
As of March 13, 2023,
the average one-year price target for Tecnoglass is $47.33.
The forecasts range from a low of $35.35 to a high of $52.50.
The average price target represents an increase of 19.30% from its latest reported closing price of $39.67.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tecnoglass
is $796MM, an increase of 11.11%.
The projected annual non-GAAP EPS
is $3.53.
What is the Fund Sentiment?
There are 177 funds or institutions reporting positions in Tecnoglass.
This is an increase
of
18
owner(s) or 11.32% in the last quarter.
Average portfolio weight of all funds dedicated to TGLS is 0.32%,
a decrease
of 13.05%.
Total shares owned by institutions decreased
in the last three months by 2.02% to 13,530K shares.
The put/call ratio of TGLS is 0.52, indicating a
bullish
outlook.
What are Large Shareholders Doing?
American Century Companies
holds 2,093K shares
representing 4.39% ownership of the company.
In it’s prior filing, the firm reported owning 2,747K shares, representing
a decrease
of 31.27%.
The firm
decreased
its portfolio allocation in TGLS by 99.90% over the last quarter.
ASVIX – Small Cap Value Fund Investor Class
holds 1,690K shares
representing 3.54% ownership of the company.
In it’s prior filing, the firm reported owning 2,220K shares, representing
a decrease
of 31.36%.
The firm
increased
its portfolio allocation in TGLS by 5.27% over the last quarter.
Millennium Management
holds 831K shares
representing 1.74% ownership of the company.
In it’s prior filing, the firm reported owning 609K shares, representing
an increase
of 26.68%.
The firm
increased
its portfolio allocation in TGLS by 87.06% over the last quarter.
Portolan Capital Management
holds 812K shares
representing 1.70% ownership of the company.
In it’s prior filing, the firm reported owning 1,100K shares, representing
a decrease
of 35.44%.
The firm
decreased
its portfolio allocation in TGLS by 99.89% over the last quarter.
QUSOX – Pear Tree Polaris Foreign Value Small Cap Fund Ordinary Shares
holds 676K shares
representing 1.42% ownership of the company.
No change in the last quarter.
Tecnoglass Background Information
(This description is provided by the company.)
Tecnoglass Inc. is a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. Located in Barranquilla, Colombia, the Company’s 2.7 million square foot, vertically-integrated and state-of-the-art manufacturing complex provides efficient access to over 1,000 global customers, with the U.S. accounting for more than 90% of revenues. Tecnoglass’ tailored, high-end products are found on some of the world’s most distinctive properties, including One Thousand Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá), One Plaza (Medellín), Pabellon de Cristal (Barranquilla).
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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