Element Partners Ii Intrafund Sells 4,796 Shares of TPI Composites Inc (TPIC) Stock

TPI Composites Inc (NASDAQ:TPIC) major shareholder Element Partners Ii Intrafund sold 4,796 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $25.01, for a total value of $119,947.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Element Partners Ii Intrafund also recently made the following trade(s):

  • On Tuesday, October 16th, Element Partners Ii Intrafund sold 129,104 shares of TPI Composites stock. The shares were sold at an average price of $25.29, for a total value of $3,265,040.16.
  • On Monday, October 8th, Element Partners Ii Intrafund sold 143,287 shares of TPI Composites stock. The shares were sold at an average price of $26.43, for a total value of $3,787,075.41.
  • On Friday, September 21st, Element Partners Ii Intrafund sold 117,534 shares of TPI Composites stock. The shares were sold at an average price of $28.08, for a total value of $3,300,354.72.
  • On Tuesday, September 18th, Element Partners Ii Intrafund sold 111,679 shares of TPI Composites stock. The shares were sold at an average price of $27.56, for a total value of $3,077,873.24.
  • On Thursday, September 13th, Element Partners Ii Intrafund sold 116,670 shares of TPI Composites stock. The shares were sold at an average price of $27.62, for a total value of $3,222,425.40.
  • On Monday, September 10th, Element Partners Ii Intrafund sold 94,650 shares of TPI Composites stock. The shares were sold at an average price of $27.39, for a total value of $2,592,463.50.
  • On Wednesday, September 5th, Element Partners Ii Intrafund sold 134,392 shares of TPI Composites stock. The shares were sold at an average price of $27.32, for a total value of $3,671,589.44.
  • On Tuesday, August 28th, Element Partners Ii Intrafund sold 223,182 shares of TPI Composites stock. The shares were sold at an average price of $28.56, for a total value of $6,374,077.92.
  • On Thursday, August 23rd, Element Partners Ii Intrafund sold 189,236 shares of TPI Composites stock. The shares were sold at an average price of $27.96, for a total value of $5,291,038.56.

TPIC stock opened at $26.17 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.63 and a debt-to-equity ratio of 0.39. TPI Composites Inc has a 52-week low of $16.35 and a 52-week high of $32.22. The company has a market cap of $872.01 million, a price-to-earnings ratio of 20.94 and a beta of -0.89.

TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings data on Tuesday, August 7th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). TPI Composites had a return on equity of 17.01% and a net margin of 3.17%. The business had revenue of $230.61 million for the quarter, compared to analysts’ expectations of $240.29 million. On average, equities analysts forecast that TPI Composites Inc will post 0.25 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of TPIC. Hood River Capital Management LLC purchased a new stake in TPI Composites during the 2nd quarter worth approximately $20,767,000. Trigran Investments Inc. increased its holdings in TPI Composites by 130.7% during the 2nd quarter. Trigran Investments Inc. now owns 848,543 shares of the industrial products company’s stock worth $24,811,000 after purchasing an additional 480,751 shares during the last quarter. BlackRock Inc. increased its holdings in TPI Composites by 38.7% during the 2nd quarter. BlackRock Inc. now owns 959,762 shares of the industrial products company’s stock worth $28,063,000 after purchasing an additional 267,717 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in TPI Composites by 771.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 243,499 shares of the industrial products company’s stock worth $7,122,000 after purchasing an additional 215,563 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in TPI Composites by 12.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,921,151 shares of the industrial products company’s stock worth $56,174,000 after purchasing an additional 207,000 shares during the last quarter. Institutional investors own 51.05% of the company’s stock.

Several brokerages recently commented on TPIC. Canaccord Genuity raised their target price on TPI Composites from $26.00 to $35.50 and gave the company a “buy” rating in a report on Wednesday, July 11th. Roth Capital set a $37.00 target price on TPI Composites and gave the company a “buy” rating in a report on Tuesday, July 10th. Morgan Stanley raised their target price on TPI Composites from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, July 16th. Craig Hallum raised their target price on TPI Composites from $33.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, JMP Securities raised their target price on TPI Composites from $36.00 to $38.00 and gave the company a “market outperform” rating in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $35.06.

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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