TPI Composites Inc (TPIC) Director Daniel G. Weiss Sells 51,000 Shares

TPI Composites Inc (NASDAQ:TPIC) Director Daniel G. Weiss sold 51,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $19.14, for a total transaction of $976,140.00. Following the transaction, the director now directly owns 2,880 shares in the company, valued at approximately $55,123.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of TPI Composites Inc (NASDAQ TPIC) opened at $19.61 on Tuesday. The firm has a market cap of $645.85, a price-to-earnings ratio of 17.11 and a beta of -1.39. The company has a current ratio of 1.32, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. TPI Composites Inc has a 12-month low of $14.58 and a 12-month high of $26.00.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.36. The business had revenue of $243.35 million during the quarter, compared to analysts’ expectations of $252.42 million. TPI Composites had a net margin of 4.09% and a return on equity of 30.80%. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS. equities research analysts expect that TPI Composites Inc will post 1.3 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its position in shares of TPI Composites by 45.2% in the 2nd quarter. FMR LLC now owns 1,556,068 shares of the industrial products company’s stock worth $28,756,000 after purchasing an additional 484,681 shares during the period. Vanguard Group Inc. lifted its position in shares of TPI Composites by 79.9% in the 2nd quarter. Vanguard Group Inc. now owns 485,589 shares of the industrial products company’s stock worth $8,973,000 after purchasing an additional 215,680 shares during the period. Bank of New York Mellon Corp lifted its position in shares of TPI Composites by 14.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 413,837 shares of the industrial products company’s stock worth $9,245,000 after purchasing an additional 52,147 shares during the period. Wasatch Advisors Inc. lifted its position in shares of TPI Composites by 5.3% in the 3rd quarter. Wasatch Advisors Inc. now owns 342,630 shares of the industrial products company’s stock worth $7,654,000 after purchasing an additional 17,351 shares during the period. Finally, Bamco Inc. NY lifted its position in shares of TPI Composites by 238.5% in the 2nd quarter. Bamco Inc. NY now owns 313,100 shares of the industrial products company’s stock worth $5,786,000 after purchasing an additional 220,600 shares during the period. 35.12% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on TPIC shares. ValuEngine raised shares of TPI Composites from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Canaccord Genuity increased their price target on shares of TPI Composites from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research cut shares of TPI Composites from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. JMP Securities began coverage on shares of TPI Composites in a research report on Thursday, November 16th. They set an “outperform” rating and a $33.00 price target for the company. Finally, J P Morgan Chase & Co raised shares of TPI Composites from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a research report on Thursday, November 30th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. TPI Composites has an average rating of “Buy” and a consensus target price of $27.00.

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TPI Composites Company Profile

TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.

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