Insider Selling: TPI Composites Inc (TPIC) Major Shareholder Sells 134,392 Shares of Stock

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TPI Composites Inc (NASDAQ:TPIC) major shareholder Element Partners Ii Intrafund sold 134,392 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $27.32, for a total value of $3,671,589.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Element Partners Ii Intrafund also recently made the following trade(s):

  • On Tuesday, August 28th, Element Partners Ii Intrafund sold 223,182 shares of TPI Composites stock. The shares were sold at an average price of $28.56, for a total value of $6,374,077.92.
  • On Thursday, August 23rd, Element Partners Ii Intrafund sold 189,236 shares of TPI Composites stock. The shares were sold at an average price of $27.96, for a total value of $5,291,038.56.
  • On Friday, July 20th, Element Partners Ii Intrafund sold 22,836 shares of TPI Composites stock. The shares were sold at an average price of $29.56, for a total value of $675,032.16.

Shares of NASDAQ:TPIC opened at $27.30 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.63 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $943.59 million, a PE ratio of 21.81 and a beta of -0.91. TPI Composites Inc has a 1 year low of $16.35 and a 1 year high of $32.22.

TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.09). The firm had revenue of $230.61 million during the quarter, compared to analyst estimates of $240.29 million. TPI Composites had a return on equity of 17.01% and a net margin of 3.17%. research analysts anticipate that TPI Composites Inc will post 0.25 EPS for the current fiscal year.

A number of analysts have recently commented on TPIC shares. UBS Group boosted their price objective on TPI Composites from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 10th. ValuEngine cut TPI Composites from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Morgan Stanley boosted their price objective on TPI Composites from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, July 16th. Roth Capital set a $37.00 price objective on TPI Composites and gave the company a “buy” rating in a research report on Tuesday, July 10th. Finally, BidaskClub cut TPI Composites from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.61.

Several large investors have recently modified their holdings of TPIC. Hood River Capital Management LLC acquired a new stake in shares of TPI Composites in the second quarter worth approximately $20,767,000. Handelsbanken Fonder AB boosted its stake in shares of TPI Composites by 46.0% in the first quarter. Handelsbanken Fonder AB now owns 1,714,151 shares of the industrial products company’s stock worth $38,483,000 after acquiring an additional 540,193 shares during the last quarter. Trigran Investments Inc. boosted its stake in shares of TPI Composites by 130.7% in the second quarter. Trigran Investments Inc. now owns 848,543 shares of the industrial products company’s stock worth $24,811,000 after acquiring an additional 480,751 shares during the last quarter. BlackRock Inc. boosted its stake in shares of TPI Composites by 38.7% in the second quarter. BlackRock Inc. now owns 959,762 shares of the industrial products company’s stock worth $28,063,000 after acquiring an additional 267,717 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of TPI Composites by 771.6% in the second quarter. Russell Investments Group Ltd. now owns 243,499 shares of the industrial products company’s stock worth $7,122,000 after acquiring an additional 215,563 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

TPI Composites Company Profile

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.

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Insider Buying and Selling by Quarter for TPI Composites (NASDAQ:TPIC)

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