TPI Composites Inc (NASDAQ:TPIC) Director Michael Lawrence Derosa sold 55,476 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $23.59, for a total value of $1,308,678.84. Following the completion of the transaction, the director now directly owns 6,620 shares of the company’s stock, valued at approximately $156,165.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, November 12th, Michael Lawrence Derosa sold 46,185 shares of TPI Composites stock. The shares were sold at an average price of $24.28, for a total value of $1,121,371.80.
  • On Monday, October 15th, Michael Lawrence Derosa sold 20,015 shares of TPI Composites stock. The shares were sold at an average price of $25.64, for a total value of $513,184.60.
  • On Thursday, October 11th, Michael Lawrence Derosa sold 98,947 shares of TPI Composites stock. The shares were sold at an average price of $25.32, for a total value of $2,505,338.04.
  • On Monday, October 8th, Michael Lawrence Derosa sold 89,959 shares of TPI Composites stock. The shares were sold at an average price of $25.75, for a total value of $2,316,444.25.
  • On Thursday, October 4th, Michael Lawrence Derosa sold 27,450 shares of TPI Composites stock. The shares were sold at an average price of $28.10, for a total value of $771,345.00.
  • On Friday, September 21st, Michael Lawrence Derosa sold 34,845 shares of TPI Composites stock. The shares were sold at an average price of $27.93, for a total value of $973,220.85.
  • On Wednesday, September 19th, Michael Lawrence Derosa sold 29,420 shares of TPI Composites stock. The shares were sold at an average price of $27.86, for a total value of $819,641.20.
  • On Monday, September 17th, Michael Lawrence Derosa sold 41,124 shares of TPI Composites stock. The shares were sold at an average price of $27.35, for a total value of $1,124,741.40.
  • On Wednesday, September 12th, Michael Lawrence Derosa sold 27,200 shares of TPI Composites stock. The shares were sold at an average price of $27.23, for a total value of $740,656.00.
  • On Monday, September 10th, Michael Lawrence Derosa sold 36,500 shares of TPI Composites stock. The shares were sold at an average price of $27.43, for a total value of $1,001,195.00.

Shares of TPI Composites stock opened at $24.57 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. TPI Composites Inc has a twelve month low of $16.35 and a twelve month high of $32.22. The stock has a market capitalization of $829.64 million, a P/E ratio of 19.66 and a beta of 0.13.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.34. TPI Composites had a return on equity of 5.74% and a net margin of 2.03%. The firm had revenue of $255.00 million during the quarter, compared to analyst estimates of $258.35 million. During the same quarter in the previous year, the business earned $0.62 EPS. TPI Composites’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts forecast that TPI Composites Inc will post 0.36 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in TPIC. Hood River Capital Management LLC purchased a new position in shares of TPI Composites in the 2nd quarter valued at about $20,767,000. Trigran Investments Inc. increased its stake in shares of TPI Composites by 130.7% in the 2nd quarter. Trigran Investments Inc. now owns 848,543 shares of the industrial products company’s stock valued at $24,811,000 after purchasing an additional 480,751 shares in the last quarter. BlackRock Inc. increased its stake in shares of TPI Composites by 38.7% in the 2nd quarter. BlackRock Inc. now owns 959,762 shares of the industrial products company’s stock valued at $28,063,000 after purchasing an additional 267,717 shares in the last quarter. Castleark Management LLC purchased a new stake in TPI Composites during the 3rd quarter worth approximately $7,146,000. Finally, Eagle Asset Management Inc. purchased a new stake in TPI Composites during the 3rd quarter worth approximately $6,567,000. Hedge funds and other institutional investors own 51.67% of the company’s stock.

Several equities analysts have recently issued reports on the company. Craig Hallum boosted their price objective on TPI Composites from $33.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Cowen set a $33.00 price target on TPI Composites and gave the company a “buy” rating in a research note on Thursday, November 8th. UBS Group set a $30.00 price target on TPI Composites and gave the company a “buy” rating in a research note on Friday, November 9th. TheStreet lowered TPI Composites from a “b-” rating to a “c” rating in a research note on Wednesday, August 22nd. Finally, Morgan Stanley lifted their price target on TPI Composites from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. TPI Composites presently has a consensus rating of “Buy” and a consensus target price of $34.61.

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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.

See Also: Growth Stocks

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

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