Michael Lawrence Derosa Sells 27,200 Shares of TPI Composites Inc (NASDAQ:TPIC) Stock

TPI Composites Inc (NASDAQ:TPIC) Director Michael Lawrence Derosa sold 27,200 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $27.23, for a total transaction of $740,656.00. Following the completion of the transaction, the director now owns 6,620 shares in the company, valued at approximately $180,262.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, September 21st, Michael Lawrence Derosa sold 34,845 shares of TPI Composites stock. The shares were sold at an average price of $27.93, for a total transaction of $973,220.85.
  • On Wednesday, September 19th, Michael Lawrence Derosa sold 29,420 shares of TPI Composites stock. The shares were sold at an average price of $27.86, for a total transaction of $819,641.20.
  • On Monday, September 17th, Michael Lawrence Derosa sold 41,124 shares of TPI Composites stock. The shares were sold at an average price of $27.35, for a total transaction of $1,124,741.40.
  • On Monday, September 10th, Michael Lawrence Derosa sold 36,500 shares of TPI Composites stock. The shares were sold at an average price of $27.43, for a total transaction of $1,001,195.00.
  • On Thursday, September 6th, Michael Lawrence Derosa sold 36,359 shares of TPI Composites stock. The shares were sold at an average price of $27.48, for a total transaction of $999,145.32.
  • On Tuesday, September 4th, Michael Lawrence Derosa sold 39,400 shares of TPI Composites stock. The stock was sold at an average price of $27.34, for a total transaction of $1,077,196.00.
  • On Friday, August 31st, Michael Lawrence Derosa sold 26,433 shares of TPI Composites stock. The stock was sold at an average price of $27.95, for a total transaction of $738,802.35.
  • On Wednesday, August 29th, Michael Lawrence Derosa sold 21,722 shares of TPI Composites stock. The stock was sold at an average price of $28.47, for a total transaction of $618,425.34.
  • On Monday, August 27th, Michael Lawrence Derosa sold 34,200 shares of TPI Composites stock. The stock was sold at an average price of $28.68, for a total transaction of $980,856.00.
  • On Friday, August 24th, Michael Lawrence Derosa sold 145,682 shares of TPI Composites stock. The stock was sold at an average price of $28.56, for a total transaction of $4,160,677.92.

Shares of TPIC stock traded down $0.48 during trading on Monday, reaching $26.13. 545,800 shares of the company’s stock traded hands, compared to its average volume of 287,188. The stock has a market capitalization of $982.48 million, a P/E ratio of 20.74 and a beta of -0.89. 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 1 year low of $16.35 and a 1 year high of $32.22.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.09). The business had revenue of $230.61 million for the quarter, compared to analysts’ expectations of $240.29 million. TPI Composites had a net margin of 3.17% and a return on equity of 17.01%. On average, equities analysts predict that TPI Composites Inc will post 0.3 EPS for the current year.

Several research analysts recently weighed in on the stock. Canaccord Genuity boosted their price target on shares of TPI Composites from $26.00 to $35.50 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Roth Capital set a $37.00 price target on shares of TPI Composites and gave the stock a “buy” rating in a report on Tuesday, July 10th. Morgan Stanley boosted their price target on shares of TPI Composites from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, July 16th. Craig Hallum boosted their price target on shares of TPI Composites from $33.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Finally, JMP Securities boosted their price target on shares of TPI Composites from $36.00 to $38.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. TPI Composites presently has a consensus rating of “Buy” and an average target price of $33.83.

Hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY bought a new stake in TPI Composites during the 2nd quarter worth approximately $162,000. Citadel Advisors LLC bought a new stake in TPI Composites during the 2nd quarter worth approximately $208,000. MetLife Investment Advisors LLC bought a new stake in TPI Composites during the 2nd quarter worth approximately $214,000. Sei Investments Co. increased its holdings in TPI Composites by 40.3% during the 1st quarter. Sei Investments Co. now owns 7,992 shares of the industrial products company’s stock worth $179,000 after acquiring an additional 2,294 shares during the period. Finally, Hartford Investment Management Co. bought a new stake in TPI Composites during the 2nd quarter worth approximately $260,000. Institutional investors own 51.24% of the company’s stock.

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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