Insider Selling: TPI Composites Inc (TPIC) Director Sells $976,140.00 in Stock
TPI Composites Inc (NASDAQ:TPIC) Director Daniel G. Weiss sold 51,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $19.14, for a total value of $976,140.00. Following the completion of the sale, the director now directly owns 2,880 shares in the company, valued at approximately $55,123.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of TPI Composites Inc (NASDAQ TPIC) opened at $20.11 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 1.32. The firm has a market capitalization of $666.94, a price-to-earnings ratio of 17.67 and a beta of -1.39. TPI Composites Inc has a 12 month low of $14.95 and a 12 month high of $26.00.
TPI Composites (NASDAQ:TPIC) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.36. The firm had revenue of $243.35 million for the quarter, compared to the consensus estimate of $252.42 million. TPI Composites had a return on equity of 30.80% and a net margin of 4.09%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. equities research analysts expect that TPI Composites Inc will post 1.3 earnings per share for the current fiscal year.
Several analysts recently issued reports on the company. BidaskClub raised TPI Composites from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine raised TPI Composites from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded TPI Composites from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. JMP Securities assumed coverage on TPI Composites in a research note on Thursday, November 16th. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Canaccord Genuity lifted their target price on TPI Composites from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. TPI Composites currently has a consensus rating of “Buy” and a consensus target price of $27.00.
About TPI Composites
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.
Receive News & Stock Ratings for TPI Composites Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites and related stocks with our FREE daily email newsletter.