TPI Composites Inc (NASDAQ:TPIC) major shareholder Element Partners Ii Intrafund sold 46,803 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $26.69, for a total transaction of $1,249,172.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Element Partners Ii Intrafund also recently made the following trade(s):

  • On Monday, December 3rd, Element Partners Ii Intrafund sold 99,978 shares of TPI Composites stock. The stock was sold at an average price of $27.16, for a total transaction of $2,715,402.48.
  • On Wednesday, November 28th, Element Partners Ii Intrafund sold 86,368 shares of TPI Composites stock. The stock was sold at an average price of $26.13, for a total transaction of $2,256,795.84.
  • On Friday, November 23rd, Element Partners Ii Intrafund sold 67,767 shares of TPI Composites stock. The stock was sold at an average price of $24.67, for a total transaction of $1,671,811.89.
  • On Monday, October 29th, Element Partners Ii Intrafund sold 4,796 shares of TPI Composites stock. The stock was sold at an average price of $25.01, for a total transaction of $119,947.96.
  • On Tuesday, October 16th, Element Partners Ii Intrafund sold 129,104 shares of TPI Composites stock. The stock was sold at an average price of $25.29, for a total transaction of $3,265,040.16.
  • On Monday, October 8th, Element Partners Ii Intrafund sold 143,287 shares of TPI Composites stock. The stock was sold at an average price of $26.43, for a total transaction of $3,787,075.41.
  • On Friday, September 21st, Element Partners Ii Intrafund sold 117,534 shares of TPI Composites stock. The stock was sold at an average price of $28.08, for a total transaction of $3,300,354.72.
  • On Tuesday, September 18th, Element Partners Ii Intrafund sold 111,679 shares of TPI Composites stock. The shares were sold at an average price of $27.56, for a total transaction of $3,077,873.24.
  • On Thursday, September 13th, Element Partners Ii Intrafund sold 116,670 shares of TPI Composites stock. The shares were sold at an average price of $27.62, for a total transaction of $3,222,425.40.
  • On Monday, September 10th, Element Partners Ii Intrafund sold 94,650 shares of TPI Composites stock. The shares were sold at an average price of $27.39, for a total transaction of $2,592,463.50.

TPIC stock traded up $0.25 on Thursday, hitting $26.73. The company’s stock had a trading volume of 292,775 shares, compared to its average volume of 297,874. TPI Composites Inc has a 1 year low of $17.30 and a 1 year high of $32.22. The company has a market cap of $913.85 million, a price-to-earnings ratio of 21.38 and a beta of 0.16. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 1.52.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.34. The company had revenue of $255.00 million during the quarter, compared to the consensus estimate of $258.35 million. TPI Composites had a net margin of 2.03% and a return on equity of 5.74%. TPI Composites’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. As a group, analysts anticipate that TPI Composites Inc will post 0.36 earnings per share for the current year.

Several research firms recently commented on TPIC. Cowen set a $33.00 price target on shares of TPI Composites and gave the company a “buy” rating in a research report on Thursday, November 8th. TheStreet upgraded shares of TPI Composites from a “c” rating to a “b” rating in a research report on Monday, November 26th. BidaskClub upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Friday, November 30th. UBS Group set a $30.00 price target on shares of TPI Composites and gave the company a “buy” rating in a research report on Friday, November 9th. Finally, Morgan Stanley upped their price target on shares of TPI Composites from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.56.

A number of institutional investors have recently made changes to their positions in the business. Trigran Investments Inc. raised its position in TPI Composites by 38.8% during the 3rd quarter. Trigran Investments Inc. now owns 1,178,020 shares of the industrial products company’s stock worth $33,633,000 after buying an additional 329,477 shares during the last quarter. BlackRock Inc. raised its position in TPI Composites by 8.8% during the 3rd quarter. BlackRock Inc. now owns 1,044,006 shares of the industrial products company’s stock worth $29,807,000 after buying an additional 84,244 shares during the last quarter. Vanguard Group Inc. raised its position in TPI Composites by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 855,782 shares of the industrial products company’s stock worth $24,433,000 after buying an additional 47,096 shares during the last quarter. Bank of New York Mellon Corp raised its position in TPI Composites by 22.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 702,862 shares of the industrial products company’s stock worth $20,066,000 after buying an additional 130,150 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in TPI Composites by 17.2% during the 2nd quarter. Renaissance Technologies LLC now owns 650,000 shares of the industrial products company’s stock worth $19,006,000 after buying an additional 95,300 shares during the last quarter. Institutional investors own 61.41% of the company’s stock.

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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.

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