TPI Composites, Inc. (NASDAQ:TPIC) Director Jack A. Henry purchased 3,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $21.70 per share, for a total transaction of $73,780.00. Following the transaction, the director now directly owns 13,800 shares in the company, valued at $299,460. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of TPI Composites, Inc. (NASDAQ TPIC) traded down 4.62% during trading on Thursday, reaching $20.03. The company had a trading volume of 294,460 shares. TPI Composites, Inc. has a 52-week low of $13.27 and a 52-week high of $23.30. The stock has a 50 day moving average of $19.22 and a 200 day moving average of $18.32. The stock has a market capitalization of $656.96 million and a price-to-earnings ratio of 37.58.

TPI Composites (NASDAQ:TPIC) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.27. The firm had revenue of $248.19 million for the quarter, compared to analyst estimates of $225.36 million. TPI Composites had a net margin of 2.18% and a return on equity of 18.24%. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Equities research analysts forecast that TPI Composites, Inc. will post $0.91 EPS for the current year.

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Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in shares of TPI Composites by 3.8% in the second quarter. Goldman Sachs Group Inc. now owns 24,243 shares of the industrial products company’s stock valued at $448,000 after buying an additional 879 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of TPI Composites by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 24,734 shares of the industrial products company’s stock valued at $471,000 after buying an additional 1,368 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of TPI Composites by 14.6% in the first quarter. Perigon Wealth Management LLC now owns 15,441 shares of the industrial products company’s stock valued at $294,000 after buying an additional 1,965 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of TPI Composites by 85.8% in the second quarter. Nationwide Fund Advisors now owns 6,038 shares of the industrial products company’s stock valued at $112,000 after buying an additional 2,788 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of TPI Composites by 34.9% in the second quarter. JPMorgan Chase & Co. now owns 14,517 shares of the industrial products company’s stock valued at $268,000 after buying an additional 3,759 shares during the last quarter. Institutional investors own 23.41% of the company’s stock.

Several equities analysts recently issued reports on TPIC shares. Roth Capital set a $23.00 price target on TPI Composites and gave the company a “buy” rating in a research report on Saturday, May 27th. Barclays PLC set a $23.00 price target on TPI Composites and gave the company a “buy” rating in a research report on Monday, May 8th. Cowen and Company set a $26.00 price target on TPI Composites and gave the company a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded TPI Composites from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, J P Morgan Chase & Co cut TPI Composites from an “overweight” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.83.

TPI Composites Company Profile

TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.

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