Daniel G. Weiss Sells 10,000 Shares of TPI Composites Inc (TPIC) Stock

TPI Composites Inc (NASDAQ:TPIC) Director Daniel G. Weiss sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $31.06, for a total value of $310,600.00. Following the completion of the sale, the director now owns 6,620 shares of the company’s stock, valued at $205,617.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NASDAQ:TPIC traded up $0.17 during midday trading on Friday, reaching $31.14. 238,763 shares of the company traded hands, compared to its average volume of 277,400. TPI Composites Inc has a twelve month low of $21.61 and a twelve month high of $32.74. The firm has a market capitalization of $1.08 billion, a P/E ratio of 389.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.51.

A number of large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its position in TPI Composites by 4.7% during the 4th quarter. Advisor Group Inc. now owns 13,761 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 613 shares during the period. Legal & General Group Plc boosted its position in TPI Composites by 28.6% during the 4th quarter. Legal & General Group Plc now owns 2,775 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 617 shares during the period. Investec Asset Management LTD boosted its position in TPI Composites by 0.7% during the 4th quarter. Investec Asset Management LTD now owns 96,327 shares of the industrial products company’s stock valued at $2,368,000 after purchasing an additional 685 shares during the period. CoreCommodity Management LLC boosted its position in TPI Composites by 19.3% during the 4th quarter. CoreCommodity Management LLC now owns 7,957 shares of the industrial products company’s stock valued at $196,000 after purchasing an additional 1,285 shares during the period. Finally, Keybank National Association OH boosted its position in TPI Composites by 16.1% during the 3rd quarter. Keybank National Association OH now owns 16,648 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 2,312 shares during the period. Institutional investors and hedge funds own 70.58% of the company’s stock.

TPIC has been the subject of a number of research analyst reports. TheStreet upgraded TPI Composites from a “c” rating to a “b” rating in a report on Monday, November 26th. BidaskClub upgraded TPI Composites from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Zacks Investment Research upgraded TPI Composites from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. Finally, JPMorgan Chase & Co. downgraded TPI Composites from an “overweight” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $36.94.

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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.

Read More: SEC Filing

Insider Buying and Selling by Quarter for TPI Composites (NASDAQ:TPIC)

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