TPI Composites (TPIC) Major Shareholder Sells $1,718,192.00 in Stock

TPI Composites (NASDAQ:TPIC) major shareholder Investors L. P. Angeleno II sold 64,400 shares of TPI Composites stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $26.68, for a total value of $1,718,192.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of TPI Composites opened at $26.47 on Friday, MarketBeat.com reports. TPI Composites has a one year low of $26.26 and a one year high of $26.59. The stock has a market capitalization of $903.23 million, a P/E ratio of 21.18, a PEG ratio of 1.37 and a beta of -0.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.72 and a quick ratio of 1.71.

TPI Composites (NASDAQ:TPIC) last issued its earnings results on Thursday, May 3rd. The industrial products company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.20. TPI Composites had a return on equity of 28.51% and a net margin of 4.92%. The business had revenue of $254.00 million during the quarter, compared to analyst estimates of $229.32 million. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year. analysts expect that TPI Composites will post 0.39 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of TPIC. Thrivent Financial For Lutherans bought a new stake in TPI Composites in the 4th quarter valued at about $9,269,000. Trigran Investments Inc. bought a new stake in TPI Composites in the 1st quarter valued at about $8,257,000. Handelsbanken Fonder AB increased its position in TPI Composites by 40.4% in the 4th quarter. Handelsbanken Fonder AB now owns 1,173,958 shares of the industrial products company’s stock valued at $24,019,000 after buying an additional 337,786 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in TPI Composites by 435.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 302,050 shares of the industrial products company’s stock valued at $6,180,000 after buying an additional 245,626 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in TPI Composites in the 1st quarter valued at about $4,519,000. 39.55% of the stock is owned by institutional investors and hedge funds.

TPIC has been the subject of several research analyst reports. Zacks Investment Research raised TPI Composites from a “sell” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, January 23rd. Roth Capital set a $30.00 price objective on TPI Composites and gave the stock a “buy” rating in a research report on Sunday, April 22nd. Canaccord Genuity reissued a “buy” rating and issued a $26.00 price objective on shares of TPI Composites in a research report on Friday, April 27th. BidaskClub lowered TPI Composites from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Finally, ValuEngine lowered TPI Composites from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.63.

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.

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

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