Rice Hall James & Associates LLC lessened its holdings in shares of TPI Composites, Inc. (NASDAQ:TPIC) by 30.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,638 shares of the industrial products company’s stock after selling 44,911 shares during the period. Rice Hall James & Associates LLC owned 0.32% of TPI Composites worth $2,338,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nationwide Fund Advisors lifted its holdings in shares of TPI Composites by 85.8% during the second quarter. Nationwide Fund Advisors now owns 6,038 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 2,788 shares during the period. First Quadrant L P CA acquired a new position in shares of TPI Composites during the third quarter worth $126,000. Sei Investments Co. lifted its holdings in shares of TPI Composites by 916.3% during the second quarter. Sei Investments Co. now owns 7,734 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 6,973 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of TPI Composites by 260.5% during the first quarter. Wells Fargo & Company MN now owns 7,750 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 5,600 shares during the period. Finally, Advisor Group Inc. lifted its holdings in shares of TPI Composites by 242.5% during the second quarter. Advisor Group Inc. now owns 8,333 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 5,900 shares during the period. Institutional investors own 31.38% of the company’s stock.

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In other news, Director Jack A. Henry bought 3,400 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of $21.70 per share, with a total value of $73,780.00. Following the transaction, the director now directly owns 13,800 shares in the company, valued at approximately $299,460. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 73.70% of the company’s stock.

TPI Composites, Inc. (TPIC) opened at $23.23 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.93 and a debt-to-equity ratio of 0.70. The firm has a market cap of $805.71, a PE ratio of 38.90 and a beta of -0.01.

TPI Composites (NASDAQ:TPIC) last released its earnings results on Tuesday, August 8th. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.27. The company had revenue of $248.19 million during the quarter, compared to the consensus estimate of $225.36 million. TPI Composites had a return on equity of 18.24% and a net margin of 2.18%. TPI Composites’s quarterly revenue was up 27.8% on a year-over-year basis. equities research analysts forecast that TPI Composites, Inc. will post 0.95 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on TPIC shares. Roth Capital lifted their price target on shares of TPI Composites from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Cowen and Company set a $26.00 price target on shares of TPI Composites and gave the stock a “buy” rating in a report on Friday, August 4th. Zacks Investment Research upgraded shares of TPI Composites from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, J P Morgan Chase & Co lowered shares of TPI Composites from an “overweight” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Friday, August 11th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $25.00.

About TPI Composites

TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.

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Institutional Ownership by Quarter for TPI Composites (NASDAQ:TPIC)

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