Turning Point Brands Inc (NYSE:TPB) VP James Michael Murray sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $41.07, for a total value of $41,070.00. Following the sale, the vice president now directly owns 27,046 shares in the company, valued at $1,110,779.22. The sale was disclosed in a filing with the SEC, which is available through this link.

James Michael Murray also recently made the following trade(s):

  • On Wednesday, September 5th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $33.92, for a total value of $33,920.00.
  • On Thursday, August 30th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The shares were sold at an average price of $33.44, for a total value of $33,440.00.
  • On Tuesday, August 28th, James Michael Murray sold 4,047 shares of Turning Point Brands stock. The shares were sold at an average price of $33.09, for a total value of $133,915.23.

NYSE:TPB traded up $0.79 during midday trading on Friday, hitting $39.64. 187,200 shares of the company traded hands, compared to its average volume of 87,429. Turning Point Brands Inc has a 12-month low of $15.34 and a 12-month high of $44.13. The firm has a market capitalization of $787.23 million, a PE ratio of 36.70 and a beta of 0.77. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.55 and a current ratio of 2.03.

Turning Point Brands (NYSE:TPB) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Turning Point Brands had a return on equity of 51.44% and a net margin of 7.70%. The company had revenue of $81.10 million for the quarter, compared to analyst estimates of $82.40 million. During the same quarter in the prior year, the firm posted $0.38 EPS. Turning Point Brands’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts forecast that Turning Point Brands Inc will post 1.73 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 21st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $0.16 annualized dividend and a yield of 0.40%. Turning Point Brands’s payout ratio is presently 14.81%.

Several analysts recently weighed in on the company. Cowen restated a “buy” rating on shares of Turning Point Brands in a report on Friday, August 10th. B. Riley increased their price target on Turning Point Brands from $30.00 to $34.00 and gave the company a “$32.61” rating in a report on Wednesday, July 18th.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in Turning Point Brands by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 104,739 shares of the company’s stock valued at $3,341,000 after buying an additional 6,306 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Turning Point Brands during the 2nd quarter valued at $2,633,000. Putnam Investments LLC purchased a new stake in Turning Point Brands during the 2nd quarter valued at $1,624,000. Zacks Investment Management bought a new position in Turning Point Brands in the 2nd quarter valued at $1,945,000. Finally, Macquarie Group Ltd. bought a new position in Turning Point Brands in the 2nd quarter valued at $267,000. Institutional investors own 27.11% of the company’s stock.

About Turning Point Brands

Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products primarily in the United States. It operates through three segments: Smokeless Products, Smoking Products, and NewGen Products. The Smokeless Products segment manufactures and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products.

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Insider Buying and Selling by Quarter for Turning Point Brands (NYSE:TPB)

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