TPI Composites Inc (NASDAQ:TPIC) Director Michael Lawrence Derosa sold 26,433 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $27.95, for a total transaction of $738,802.35. Following the completion of the transaction, the director now owns 6,620 shares in the company, valued at approximately $185,029. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, September 4th, Michael Lawrence Derosa sold 39,400 shares of TPI Composites stock. The stock was sold at an average price of $27.34, for a total transaction of $1,077,196.00.
  • On Wednesday, August 29th, Michael Lawrence Derosa sold 21,722 shares of TPI Composites stock. The stock was sold at an average price of $28.47, for a total transaction of $618,425.34.
  • On Monday, August 27th, Michael Lawrence Derosa sold 34,200 shares of TPI Composites stock. The stock was sold at an average price of $28.68, for a total transaction of $980,856.00.
  • On Friday, August 24th, Michael Lawrence Derosa sold 145,682 shares of TPI Composites stock. The stock was 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 stock was 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 stock was sold at an average price of $26.75, for a total transaction of $3,301,886.25.

NASDAQ:TPIC opened at $27.45 on Friday. The firm has a market capitalization of $964.58 million, a P/E ratio of 21.96 and a beta of -0.91. TPI Composites Inc has a twelve month low of $16.35 and a twelve month high of $32.22. 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 (NASDAQ:TPIC) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The company had revenue of $230.61 million during the quarter, compared to the consensus estimate of $240.29 million. TPI Composites had a net margin of 3.17% and a return on equity of 17.01%. analysts predict that TPI Composites Inc will post 0.25 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in TPIC. Rhumbline Advisers bought a new stake in TPI Composites in the first quarter valued at $222,000. Mackay Shields LLC bought a new stake in TPI Composites in the first quarter valued at $4,519,000. Trexquant Investment LP bought a new stake in shares of TPI Composites during the 1st quarter valued at $501,000. Thrivent Financial for Lutherans boosted its holdings in shares of TPI Composites by 1.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 458,987 shares of the industrial products company’s stock valued at $10,304,000 after buying an additional 5,987 shares in the last quarter. Finally, Trigran Investments Inc. bought a new stake in shares of TPI Composites during the 1st quarter valued at $8,257,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

TPIC has been the topic of several recent analyst reports. TheStreet upgraded shares of TPI Composites from a “c” rating to a “b-” rating in a report on Monday, July 23rd. Canaccord Genuity raised their target price on shares of TPI Composites from $26.00 to $35.50 and gave the stock a “buy” rating in a report on Wednesday, July 11th. 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. 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. Finally, ValuEngine upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $33.61.

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.

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

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