TPI Composites Inc (TPIC) Director Sells $391,131.83 in Stock

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TPI Composites Inc (NASDAQ:TPIC) Director Michael Lawrence Derosa sold 14,923 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $26.21, for a total value of $391,131.83. Following the completion of the sale, the director now owns 6,620 shares in the company, valued at $173,510.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, February 19th, Michael Lawrence Derosa sold 39,300 shares of TPI Composites stock. The shares were sold at an average price of $31.61, for a total value of $1,242,273.00.
  • On Thursday, February 21st, Michael Lawrence Derosa sold 66,748 shares of TPI Composites stock. The shares were sold at an average price of $31.42, for a total value of $2,097,222.16.
  • On Friday, February 8th, Michael Lawrence Derosa sold 44,421 shares of TPI Composites stock. The shares were sold at an average price of $30.73, for a total value of $1,365,057.33.
  • On Monday, February 4th, Michael Lawrence Derosa sold 36,470 shares of TPI Composites stock. The shares were sold at an average price of $30.88, for a total value of $1,126,193.60.
  • On Wednesday, February 6th, Michael Lawrence Derosa sold 87,228 shares of TPI Composites stock. The stock was sold at an average price of $30.92, for a total value of $2,697,089.76.
  • On Monday, January 28th, Michael Lawrence Derosa sold 35,864 shares of TPI Composites stock. The stock was sold at an average price of $28.96, for a total value of $1,038,621.44.
  • On Tuesday, January 22nd, Michael Lawrence Derosa sold 33,882 shares of TPI Composites stock. The stock was sold at an average price of $28.91, for a total value of $979,528.62.
  • On Monday, January 14th, Michael Lawrence Derosa sold 49,761 shares of TPI Composites stock. The stock was sold at an average price of $29.43, for a total value of $1,464,466.23.
  • On Wednesday, January 16th, Michael Lawrence Derosa sold 170,625 shares of TPI Composites stock. The stock was sold at an average price of $29.36, for a total value of $5,009,550.00.

NASDAQ TPIC traded up $0.09 during trading on Wednesday, reaching $30.05. 325,937 shares of the company’s stock were exchanged, compared to its average volume of 289,182. The company has a market cap of $1.08 billion, a PE ratio of 375.63 and a beta of 0.88. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. TPI Composites Inc has a fifty-two week low of $21.65 and a fifty-two week high of $32.74.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. increased its position in TPI Composites by 4.7% during the fourth quarter. Advisor Group Inc. now owns 13,761 shares of the industrial products company’s stock worth $338,000 after buying an additional 613 shares during the last quarter. Legal & General Group Plc increased its position in TPI Composites by 28.6% during the fourth quarter. Legal & General Group Plc now owns 2,775 shares of the industrial products company’s stock worth $68,000 after buying an additional 617 shares during the last quarter. Investec Asset Management LTD increased its position in TPI Composites by 0.7% during the fourth quarter. Investec Asset Management LTD now owns 96,327 shares of the industrial products company’s stock worth $2,368,000 after buying an additional 685 shares during the last quarter. CoreCommodity Management LLC increased its position in TPI Composites by 19.3% during the fourth quarter. CoreCommodity Management LLC now owns 7,957 shares of the industrial products company’s stock worth $196,000 after buying an additional 1,285 shares during the last quarter. Finally, Keybank National Association OH increased its position in TPI Composites by 16.1% during the third quarter. Keybank National Association OH now owns 16,648 shares of the industrial products company’s stock worth $475,000 after buying an additional 2,312 shares during the last quarter. 69.77% of the stock is currently owned by hedge funds and other institutional investors.

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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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