Stifel Financial Corp lifted its stake in TPI Composites Inc (NASDAQ:TPIC) by 37.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 649,892 shares of the industrial products company’s stock after acquiring an additional 175,416 shares during the period. Stifel Financial Corp owned approximately 1.88% of TPI Composites worth $15,994,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in shares of TPI Composites in the fourth quarter worth $60,000. Great West Life Assurance Co. Can bought a new stake in TPI Composites during the fourth quarter valued at $64,000. NumerixS Investment Technologies Inc bought a new stake in TPI Composites during the fourth quarter valued at $78,000. Pearl River Capital LLC bought a new stake in TPI Composites during the fourth quarter valued at $113,000. Finally, First Republic Investment Management Inc. bought a new stake in TPI Composites during the third quarter valued at $210,000. 70.58% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on TPIC shares. TheStreet raised TPI Composites from a “c” rating to a “b” rating in a research note on Monday, November 26th. BidaskClub raised TPI Composites from a “hold” rating to a “buy” rating in a research note on Saturday, January 5th. Zacks Investment Research raised TPI Composites from a “sell” rating to a “hold” rating in a research note on Saturday, November 17th. Finally, JPMorgan Chase & Co. lowered TPI Composites from an “overweight” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.94.

NASDAQ TPIC traded up $0.08 during trading hours on Friday, reaching $31.05. 77,287 shares of the stock traded hands, compared to its average volume of 277,039. TPI Composites Inc has a 1 year low of $21.61 and a 1 year high of $32.74. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 388.13 and a beta of 0.88.

In other TPI Composites news, Director Michael Lawrence Derosa sold 29,377 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $23.80, for a total transaction of $699,172.60. Following the sale, the director now owns 6,620 shares in the company, valued at $157,556. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas J. Castle sold 1,018 shares of TPI Composites stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.00, for a total value of $29,522.00. The disclosure for this sale can be found here. Insiders have sold 654,327 shares of company stock worth $19,235,944 in the last 90 days. Company insiders own 58.20% of the company’s stock.

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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.

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

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