TPI Composites Inc (NASDAQ:TPIC) major shareholder Element Partners Ii Lp sold 29,097 shares of the company’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $25.30, for a total transaction of $736,154.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, October 5th, Element Partners Ii Lp sold 25,878 shares of TPI Composites stock. The stock was sold at an average price of $27.00, for a total transaction of $698,706.00.
  • On Friday, September 7th, Element Partners Ii Lp sold 21,791 shares of TPI Composites stock. The stock was sold at an average price of $27.16, for a total transaction of $591,843.56.
  • On Thursday, August 30th, Element Partners Ii Lp sold 67,500 shares of TPI Composites stock. The stock was sold at an average price of $28.63, for a total transaction of $1,932,525.00.
  • On Monday, August 20th, Element Partners Ii Lp sold 45,021 shares of TPI Composites stock. The stock was sold at an average price of $26.97, for a total transaction of $1,214,216.37.
  • On Thursday, August 16th, Element Partners Ii Lp sold 37,100 shares of TPI Composites stock. The stock was sold at an average price of $26.48, for a total transaction of $982,408.00.

TPIC stock opened at $25.05 on Friday. The stock has a market cap of $982.48 million, a price-to-earnings ratio of 19.94 and a beta of -0.89. TPI Composites Inc has a one year low of $16.35 and a one year high of $32.22. The company has a quick ratio of 1.63, a current ratio of 1.65 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) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.09). The firm had revenue of $230.61 million for the quarter, compared to analysts’ expectations 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 0.3 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY acquired a new position in shares of TPI Composites during the second quarter valued at about $162,000. Sei Investments Co. increased its holdings in shares of TPI Composites by 40.3% during the first quarter. Sei Investments Co. now owns 7,992 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 2,294 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of TPI Composites during the second quarter valued at about $208,000. MetLife Investment Advisors LLC acquired a new position in shares of TPI Composites during the second quarter valued at about $214,000. Finally, Koch Industries Inc. acquired a new position in shares of TPI Composites during the first quarter valued at about $215,000. 51.24% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. JMP Securities upped their price objective on shares of TPI Composites from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 8th. Morgan Stanley increased 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. BidaskClub raised shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Canaccord Genuity increased their price target on shares of TPI Composites from $26.00 to $35.50 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Finally, Roth Capital set a $37.00 price target on shares of TPI Composites and gave the company a “buy” rating in a research report on Tuesday, July 10th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.83.

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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