TPI Composites Inc (NASDAQ:TPIC) Director Michael Lawrence Derosa sold 118,126 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $24.38, for a total transaction of $2,879,911.88. Following the transaction, the director now directly owns 6,620 shares of the company’s stock, valued at $161,395.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Lawrence Derosa also recently made the following trade(s):

  • On Friday, November 16th, Michael Lawrence Derosa sold 35,590 shares of TPI Composites stock. The shares were sold at an average price of $24.63, for a total transaction of $876,581.70.
  • On Wednesday, November 14th, Michael Lawrence Derosa sold 55,476 shares of TPI Composites stock. The shares were sold at an average price of $23.59, for a total transaction of $1,308,678.84.
  • On Monday, November 12th, Michael Lawrence Derosa sold 46,185 shares of TPI Composites stock. The shares were sold at an average price of $24.28, for a total transaction of $1,121,371.80.
  • On Monday, October 15th, Michael Lawrence Derosa sold 20,015 shares of TPI Composites stock. The shares were sold at an average price of $25.64, for a total transaction of $513,184.60.
  • On Thursday, October 11th, Michael Lawrence Derosa sold 98,947 shares of TPI Composites stock. The shares were sold at an average price of $25.32, for a total transaction of $2,505,338.04.
  • On Monday, October 8th, Michael Lawrence Derosa sold 89,959 shares of TPI Composites stock. The shares were sold at an average price of $25.75, for a total transaction of $2,316,444.25.
  • On Thursday, October 4th, Michael Lawrence Derosa sold 27,450 shares of TPI Composites stock. The shares were sold at an average price of $28.10, for a total transaction of $771,345.00.
  • On Friday, September 21st, Michael Lawrence Derosa sold 34,845 shares of TPI Composites stock. The shares were sold at an average price of $27.93, for a total transaction of $973,220.85.
  • On Wednesday, September 19th, Michael Lawrence Derosa sold 29,420 shares of TPI Composites stock. The stock was sold at an average price of $27.86, for a total transaction of $819,641.20.
  • On Monday, September 17th, Michael Lawrence Derosa sold 41,124 shares of TPI Composites stock. The stock was sold at an average price of $27.35, for a total transaction of $1,124,741.40.

TPIC stock opened at $25.00 on Thursday. TPI Composites Inc has a 1 year low of $16.35 and a 1 year high of $32.22. The stock has a market capitalization of $831.37 million, a P/E ratio of 20.00 and a beta of 0.13. 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 quarterly earnings results on Wednesday, November 7th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.34. TPI Composites had a net margin of 2.03% and a return on equity of 5.74%. The company had revenue of $255.00 million during the quarter, compared to the consensus estimate of $258.35 million. During the same period in the prior year, the firm earned $0.62 earnings per share. TPI Composites’s revenue was up .6% on a year-over-year basis. On average, equities analysts anticipate that TPI Composites Inc will post 0.36 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in TPIC. First Quadrant L P CA increased its stake in shares of 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 valued at $139,000 after purchasing an additional 2,949 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of TPI Composites during the second quarter valued at approximately $162,000. Citadel Advisors LLC bought a new position in shares of TPI Composites during the second quarter valued at approximately $208,000. First Republic Investment Management Inc. bought a new position in shares of TPI Composites during the third quarter valued at approximately $210,000. Finally, Bessemer Group Inc. bought a new position in shares of TPI Composites during the third quarter valued at approximately $211,000. 54.72% of the stock is owned by institutional investors and hedge funds.

TPIC has been the subject of a number of research reports. Craig Hallum increased their price target on shares of TPI Composites from $33.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. JMP Securities increased their price target 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. BidaskClub downgraded shares of TPI Composites from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Cowen set a $35.00 price target on shares of TPI Composites and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, UBS Group increased their price target on shares of TPI Composites from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. TPI Composites has a consensus 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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Insider Buying and Selling by Quarter for TPI Composites (NASDAQ:TPIC)

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