TPI Composites Inc (TPIC) Director Sells $310,600.00 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 Friday, March 15th. The shares were sold at an average price of $31.06, for a total value of $310,600.00. Following the completion of the transaction, the director now directly owns 6,620 shares in the company, valued at $205,617.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NASDAQ TPIC traded up $0.17 during midday trading on Friday, hitting $31.14. The stock had a trading volume of 238,763 shares, compared to its average volume of 277,400. The firm has a market capitalization of $1.08 billion, a P/E ratio of 389.25 and a beta of 0.88. TPI Composites Inc has a 1-year low of $21.61 and a 1-year high of $32.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.51.

Several research firms have recently weighed in on TPIC. Zacks Investment Research raised TPI Composites from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 14th. BidaskClub lowered TPI Composites from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. TheStreet raised TPI Composites from a “c” rating to a “b” rating in a research note on Monday, November 26th. Finally, JPMorgan Chase & Co. raised TPI Composites from a “neutral” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $36.94.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in TPI Composites by 4.7% during the 4th quarter. Advisor Group Inc. now owns 13,761 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 613 shares in the last quarter. Legal & General Group Plc lifted its position in TPI Composites by 28.6% during the 4th quarter. Legal & General Group Plc now owns 2,775 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 617 shares in the last quarter. Investec Asset Management LTD lifted its position in TPI Composites by 0.7% during the 4th quarter. Investec Asset Management LTD now owns 96,327 shares of the industrial products company’s stock worth $2,368,000 after acquiring an additional 685 shares in the last quarter. CoreCommodity Management LLC lifted its position in TPI Composites by 19.3% during the 4th quarter. CoreCommodity Management LLC now owns 7,957 shares of the industrial products company’s stock worth $196,000 after acquiring an additional 1,285 shares in the last quarter. Finally, Keybank National Association OH lifted its position in TPI Composites by 16.1% during the 3rd quarter. Keybank National Association OH now owns 16,648 shares of the industrial products company’s stock worth $475,000 after acquiring an additional 2,312 shares in the last quarter. 70.58% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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