Insider Selling: TPI Composites Inc (TPIC) Director Sells 30,903 Shares of Stock

TPI Composites Inc (NASDAQ:TPIC) Director Michael Lawrence Derosa sold 30,903 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $26.49, for a total value of $818,620.47. Following the sale, the director now owns 6,620 shares in the company, valued at approximately $175,363.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, December 3rd, Michael Lawrence Derosa sold 29,670 shares of TPI Composites stock. The stock was sold at an average price of $27.53, for a total value of $816,815.10.
  • On Friday, November 30th, Michael Lawrence Derosa sold 26,492 shares of TPI Composites stock. The stock was sold at an average price of $27.06, for a total value of $716,873.52.
  • On Wednesday, November 28th, Michael Lawrence Derosa sold 33,913 shares of TPI Composites stock. The shares were sold at an average price of $26.70, for a total value of $905,477.10.
  • On Monday, November 26th, Michael Lawrence Derosa sold 22,710 shares of TPI Composites stock. The shares were sold at an average price of $25.68, for a total value of $583,192.80.
  • On Friday, November 23rd, Michael Lawrence Derosa sold 10,514 shares of TPI Composites stock. The shares were sold at an average price of $25.37, for a total value of $266,740.18.
  • On Wednesday, November 21st, Michael Lawrence Derosa sold 38,100 shares of TPI Composites stock. The shares were sold at an average price of $24.85, for a total value of $946,785.00.
  • On Friday, November 16th, Michael Lawrence Derosa sold 35,590 shares of TPI Composites stock. The shares were sold at an average price of $24.63, for a total value of $876,581.70.
  • On Monday, November 19th, Michael Lawrence Derosa sold 118,126 shares of TPI Composites stock. The shares were sold at an average price of $24.38, for a total value of $2,879,911.88.
  • On Wednesday, November 14th, Michael Lawrence Derosa sold 55,476 shares of TPI Composites stock. The shares were sold at an average price of $23.59, for a total value of $1,308,678.84.
  • On Monday, November 12th, Michael Lawrence Derosa sold 46,185 shares of TPI Composites stock. The shares were sold at an average price of $24.28, for a total value of $1,121,371.80.

NASDAQ:TPIC traded up $0.25 during mid-day trading on Thursday, hitting $26.73. The company had a trading volume of 292,775 shares, compared to its average volume of 297,874. TPI Composites Inc has a fifty-two week low of $17.30 and a fifty-two week high of $32.22. The company has a current ratio of 1.55, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $913.85 million, a price-to-earnings ratio of 21.38 and a beta of 0.16.

TPI Composites (NASDAQ:TPIC) last released its earnings results on Wednesday, November 7th. The industrial products company reported $0.26 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.34. TPI Composites had a return on equity of 5.74% and a net margin of 2.03%. The firm had revenue of $255.00 million for the quarter, compared to analyst estimates of $258.35 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts predict that TPI Composites Inc will post 0.36 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in TPIC. First Quadrant L P CA lifted its stake in TPI Composites by 155.0% in the third quarter. First Quadrant L P CA now owns 4,852 shares of the industrial products company’s stock valued at $139,000 after buying an additional 2,949 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in shares of TPI Composites in the second quarter worth about $162,000. Citadel Advisors LLC bought a new stake in shares of TPI Composites in the second quarter worth about $208,000. First Republic Investment Management Inc. bought a new stake in shares of TPI Composites in the third quarter worth about $210,000. Finally, Bessemer Group Inc. bought a new stake in shares of TPI Composites in the third quarter worth about $211,000. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

TPIC has been the topic of several research reports. TheStreet raised TPI Composites from a “c” rating to a “b” rating in a research note on Monday, November 26th. Cowen set a $33.00 target price on TPI Composites and gave the company a “buy” rating in a research note on Thursday, November 8th. JMP Securities set a $39.00 target price on TPI Composites and gave the company a “buy” rating in a research note on Thursday, November 8th. UBS Group increased their target price on TPI Composites from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, BidaskClub raised TPI Composites from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. TPI Composites has an average rating of “Buy” and an average target price of $35.56.

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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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