TPI Composites Inc (NASDAQ:TPIC) major shareholder Element Partners Ii Lp sold 24,621 shares of TPI Composites stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $24.06, for a total value of $592,381.26. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Lp also recently made the following trade(s):

  • On Thursday, November 15th, Element Partners Ii Lp sold 57,915 shares of TPI Composites stock. The stock was sold at an average price of $24.37, for a total value of $1,411,388.55.
  • On Tuesday, November 13th, Element Partners Ii Lp sold 59,732 shares of TPI Composites stock. The stock was sold at an average price of $23.80, for a total value of $1,421,621.60.
  • On Friday, October 12th, Element Partners Ii Lp sold 87,396 shares of TPI Composites stock. The stock was sold at an average price of $25.00, for a total value of $2,184,900.00.
  • On Wednesday, October 10th, Element Partners Ii Lp sold 29,097 shares of TPI Composites stock. The stock was sold at an average price of $25.30, for a total value of $736,154.10.
  • 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 value 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 value 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 value of $1,932,525.00.

Shares of NASDAQ:TPIC traded down $0.82 during midday trading on Monday, reaching $24.09. The company’s stock had a trading volume of 200,078 shares, compared to its average volume of 301,490. The company has a market capitalization of $859.67 million, a price-to-earnings ratio of 19.27 and a beta of 0.13. 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 Inc has a fifty-two week low of $16.35 and a fifty-two week high of $32.22.

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

TPIC has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $42.00 target price (up from $31.00) on shares of TPI Composites in a report on Monday, October 29th. UBS Group lifted their target price on TPI Composites from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 10th. ValuEngine downgraded TPI Composites from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Zacks Investment Research raised TPI Composites from a “sell” rating to a “hold” rating in a report on Saturday. Finally, BidaskClub raised TPI Composites from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.61.

Several large investors have recently made changes to their positions in TPIC. BlackRock Inc. lifted its stake in shares of TPI Composites by 36.2% in the 1st quarter. BlackRock Inc. now owns 692,045 shares of the industrial products company’s stock valued at $15,537,000 after purchasing an additional 184,039 shares during the period. Hartford Investment Management Co. acquired a new position in shares of TPI Composites in the 2nd quarter valued at about $260,000. Skylands Capital LLC acquired a new position in shares of TPI Composites in the 2nd quarter valued at about $1,257,000. Acadian Asset Management LLC acquired a new position in shares of TPI Composites in the 2nd quarter valued at about $286,000. Finally, Perella Weinberg Partners Capital Management LP acquired a new position in shares of TPI Composites in the 2nd quarter valued at about $705,000. 54.72% of the stock is currently owned by institutional investors.

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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.

Further Reading: Cost of Equity For A Business, Investors

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

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