TPI Composites Inc (NASDAQ:TPIC) Director Michael Lawrence Derosa sold 34,200 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $28.68, for a total transaction of $980,856.00. Following the transaction, the director now owns 6,620 shares in the company, valued at $189,861.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Lawrence Derosa also recently made the following trade(s):

  • On Friday, August 24th, Michael Lawrence Derosa sold 145,682 shares of TPI Composites stock. The shares were sold at an average price of $28.56, for a total transaction of $4,160,677.92.
  • On Wednesday, August 22nd, Michael Lawrence Derosa sold 66,722 shares of TPI Composites stock. The shares were sold at an average price of $28.21, for a total transaction of $1,882,227.62.
  • On Monday, August 20th, Michael Lawrence Derosa sold 123,435 shares of TPI Composites stock. The shares were sold at an average price of $26.75, for a total transaction of $3,301,886.25.

Shares of TPI Composites stock opened at $28.43 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. TPI Composites Inc has a 52-week low of $16.35 and a 52-week high of $32.22. The company has a market capitalization of $991.08 million, a PE ratio of 22.74 and a beta of -0.70.

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

TPIC has been the topic of several recent analyst reports. UBS Group upgraded shares of TPI Composites from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.00 to $31.00 in a report on Wednesday, June 20th. TheStreet upgraded shares of TPI Composites from a “c” rating to a “b-” rating in a report on Monday, July 23rd. Craig Hallum raised their target price on shares of TPI Composites from $33.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Roth Capital set a $37.00 target price on shares of TPI Composites and gave the stock a “buy” rating in a report on Tuesday, July 10th. Finally, Morgan Stanley raised their target price on shares of TPI Composites from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, July 16th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. TPI Composites has an average rating of “Buy” and a consensus price target of $33.61.

Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in TPI Composites by 71.4% in the fourth quarter. Wells Fargo & Company MN now owns 18,179 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 7,572 shares in the last quarter. Rhumbline Advisers bought a new stake in TPI Composites in the first quarter valued at $222,000. Stanley Laman Group Ltd. bought a new stake in TPI Composites in the first quarter valued at $976,000. Mackay Shields LLC bought a new stake in TPI Composites in the first quarter valued at $4,519,000. Finally, Trexquant Investment LP bought a new stake in TPI Composites in the first quarter valued at $501,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

About TPI Composites

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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