TPI Composites Inc (TPIC) Shares Bought by Barclays PLC

Barclays PLC boosted its position in TPI Composites Inc (NASDAQ:TPIC) by 28.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,342 shares of the industrial products company’s stock after acquiring an additional 8,448 shares during the quarter. Barclays PLC owned 0.11% of TPI Composites worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in TPI Composites by 40.3% in the first quarter. Sei Investments Co. now owns 7,992 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 2,294 shares during the last quarter. First Trust Advisors LP boosted its position in TPI Composites by 10.8% during the fourth quarter. First Trust Advisors LP now owns 49,094 shares of the industrial products company’s stock valued at $1,004,000 after buying an additional 4,789 shares during the period. BlackRock Inc. boosted its position in TPI Composites by 1.0% during the fourth quarter. BlackRock Inc. now owns 508,006 shares of the industrial products company’s stock valued at $10,394,000 after buying an additional 5,093 shares during the period. Thrivent Financial for Lutherans boosted its position in TPI Composites by 1.3% during the first quarter. Thrivent Financial for Lutherans now owns 458,987 shares of the industrial products company’s stock valued at $10,304,000 after buying an additional 5,987 shares during the period. Finally, Two Sigma Advisers LP boosted its position in TPI Composites by 37.3% during the fourth quarter. Two Sigma Advisers LP now owns 22,100 shares of the industrial products company’s stock valued at $452,000 after buying an additional 6,000 shares during the period. 38.83% of the stock is currently owned by institutional investors and hedge funds.

TPI Composites opened at $28.52 on Tuesday, Marketbeat reports. The company has a quick ratio of 1.71, a current ratio of 1.72 and a debt-to-equity ratio of 0.34. The stock has a market cap of $986.09 million, a PE ratio of 22.82 and a beta of -0.74. TPI Composites Inc has a 1-year low of $16.35 and a 1-year high of $30.19.

TPI Composites (NASDAQ:TPIC) last posted its earnings results on Thursday, May 3rd. The industrial products company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.20. The company had revenue of $254.00 million during the quarter, compared to analyst estimates of $229.32 million. TPI Composites had a net margin of 4.92% and a return on equity of 28.51%. TPI Composites’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. sell-side analysts predict that TPI Composites Inc will post 0.39 earnings per share for the current year.

Several research firms have issued reports on TPIC. BidaskClub upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. ValuEngine upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Zacks Investment Research lowered shares of TPI Composites from a “buy” rating to a “hold” rating in a research report on Saturday, March 10th. Roth Capital set a $30.00 price target on shares of TPI Composites and gave the company a “buy” rating in a research report on Sunday, April 22nd. Finally, UBS Group began coverage on shares of TPI Composites in a research report on Thursday, March 15th. They set a “neutral” rating and a $23.00 price target for the company. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. TPI Composites currently has a consensus rating of “Buy” and an average price target of $28.63.

In other news, major shareholder Landmark Equity Advisors Llc sold 1,000,000 shares of the stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $26.10, for a total transaction of $26,100,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel G. Weiss sold 34,121 shares of the stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $26.04, for a total transaction of $888,510.84. Following the sale, the director now owns 6,620 shares of the company’s stock, valued at $172,384.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,583,158 shares of company stock valued at $93,770,854. 58.20% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for TPI Composites (NASDAQ:TPIC)

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