Insider Selling: TPI Composites Inc (TPIC) Major Shareholder Sells 46,803 Shares of Stock

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

Shares of TPI Composites stock opened at $25.88 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41. The stock has a market cap of $913.85 million, a price-to-earnings ratio of 20.70 and a beta of 0.16. TPI Composites Inc has a 1-year low of $17.64 and a 1-year high of $32.22.

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

A number of research firms recently weighed in on TPIC. BidaskClub raised shares of TPI Composites from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Morgan Stanley upped their target price on shares of TPI Composites from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. TheStreet cut shares of TPI Composites from a “b-” rating to a “c” rating in a research note on Wednesday, August 22nd. ValuEngine cut shares of TPI Composites from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Finally, UBS Group upped their target price on shares of TPI Composites from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.56.

A number of institutional investors have recently modified their holdings of the business. Alps Advisors Inc. grew its stake in TPI Composites by 10.6% during the second quarter. Alps Advisors Inc. now owns 23,222 shares of the industrial products company’s stock worth $475,000 after buying an additional 2,218 shares during the last quarter. Keybank National Association OH grew its stake in TPI Composites by 16.1% during the third quarter. Keybank National Association OH now owns 16,648 shares of the industrial products company’s stock worth $475,000 after buying an additional 2,312 shares during the last quarter. Teachers Advisors LLC grew its stake in TPI Composites by 9.6% during the third quarter. Teachers Advisors LLC now owns 28,989 shares of the industrial products company’s stock worth $828,000 after buying an additional 2,536 shares during the last quarter. First Quadrant L P CA grew its stake in TPI Composites by 155.0% during the third quarter. First Quadrant L P CA now owns 4,852 shares of the industrial products company’s stock worth $139,000 after buying an additional 2,949 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in TPI Composites by 23.7% during the third quarter. Alliancebernstein L.P. now owns 17,200 shares of the industrial products company’s stock worth $491,000 after buying an additional 3,300 shares during the last quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

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

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