TPI Composites Inc (TPIC) Director Sells $310,100.00 in Stock

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TPI Composites Inc (NASDAQ:TPIC) Director Daniel G. Weiss sold 10,000 shares of TPI Composites stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $31.01, for a total value of $310,100.00. Following the transaction, the director now owns 6,620 shares in the company, valued at $205,286.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

TPIC stock traded up $0.17 during midday trading on Friday, hitting $31.14. 238,763 shares of the company’s stock were exchanged, compared to its average volume of 277,400. The company has a current ratio of 1.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.08 billion, a PE ratio of 389.25 and a beta of 0.88. TPI Composites Inc has a one year low of $21.61 and a one year high of $32.74.

A number of hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB raised its stake in shares of TPI Composites by 23.0% in the 4th quarter. Handelsbanken Fonder AB now owns 2,127,478 shares of the industrial products company’s stock valued at $52,293,000 after purchasing an additional 397,318 shares during the period. Trigran Investments Inc. raised its stake in shares of TPI Composites by 60.7% in the 4th quarter. Trigran Investments Inc. now owns 1,892,818 shares of the industrial products company’s stock valued at $46,525,000 after purchasing an additional 714,798 shares during the period. BlackRock Inc. raised its stake in shares of TPI Composites by 15.9% in the 4th quarter. BlackRock Inc. now owns 1,210,068 shares of the industrial products company’s stock valued at $29,743,000 after purchasing an additional 166,062 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of TPI Composites by 3.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,021,924 shares of the industrial products company’s stock valued at $25,118,000 after purchasing an additional 32,366 shares during the period. Finally, Vanguard Group Inc raised its stake in shares of TPI Composites by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 855,782 shares of the industrial products company’s stock valued at $24,433,000 after purchasing an additional 47,096 shares during the period. Hedge funds and other institutional investors own 70.58% of the company’s stock.

Several research analysts have weighed in on TPIC shares. TheStreet upgraded TPI Composites from a “c” rating to a “b” rating in a report on Monday, November 26th. BidaskClub upgraded TPI Composites from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Zacks Investment Research upgraded TPI Composites from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. Finally, JPMorgan Chase & Co. lowered TPI Composites from an “overweight” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. TPI Composites currently has an average rating of “Buy” and an average target price of $36.94.

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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: What is the Gross Domestic Product (GDP)?

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

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