TPI Composites Inc (NASDAQ:TPIC) major shareholder Element Partners Ii Lp sold 57,915 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $24.37, for a total transaction of $1,411,388.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 Monday, November 19th, Element Partners Ii Lp sold 24,621 shares of TPI Composites stock. The stock was sold at an average price of $24.06, for a total transaction of $592,381.26.
  • 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 transaction 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 transaction 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 transaction of $736,154.10.
  • On Friday, October 5th, Element Partners Ii Lp sold 25,878 shares of TPI Composites stock. The shares were 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 shares were 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 shares were sold at an average price of $28.63, for a total transaction of $1,932,525.00.

TPI Composites stock opened at $23.83 on Wednesday. The firm has a market capitalization of $859.67 million, a P/E ratio of 19.06 and a beta of 0.13. TPI Composites Inc has a 1-year low of $16.35 and a 1-year high of $32.22. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.41.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. grew its position in shares of TPI Composites by 10.6% in the 2nd quarter. Alps Advisors Inc. now owns 23,222 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 2,218 shares during the period. Keybank National Association OH grew its position in shares of TPI Composites by 16.1% in the 3rd quarter. Keybank National Association OH now owns 16,648 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 2,312 shares during the period. Teachers Advisors LLC grew its position in shares of TPI Composites by 9.6% in the 3rd quarter. Teachers Advisors LLC now owns 28,989 shares of the industrial products company’s stock valued at $828,000 after acquiring an additional 2,536 shares during the period. First Quadrant L P CA grew its position in shares of TPI Composites by 155.0% in the 3rd quarter. First Quadrant L P CA now owns 4,852 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 2,949 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of TPI Composites by 23.7% in the 3rd quarter. Alliancebernstein L.P. now owns 17,200 shares of the industrial products company’s stock valued at $491,000 after acquiring an additional 3,300 shares during the period. 54.72% of the stock is owned by institutional investors.

A number of research firms recently weighed in on TPIC. Craig Hallum raised their target price on shares of TPI Composites from $33.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. JMP Securities raised their target price on shares of TPI Composites from $36.00 to $38.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 8th. BidaskClub downgraded shares of TPI Composites from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Cowen set a $35.00 target price on shares of TPI Composites and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, UBS Group raised their target price on shares of TPI Composites from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $34.61.

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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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