Michael Lawrence Derosa Sells 20,015 Shares of TPI Composites Inc (TPIC) Stock

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TPI Composites Inc (NASDAQ:TPIC) Director Michael Lawrence Derosa sold 20,015 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $25.64, for a total transaction of $513,184.60. Following the completion of the sale, the director now directly owns 6,620 shares of the company’s stock, valued at $169,736.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Thursday, October 11th, Michael Lawrence Derosa sold 98,947 shares of TPI Composites stock. The stock was sold at an average price of $25.32, for a total transaction of $2,505,338.04.
  • On Monday, October 8th, Michael Lawrence Derosa sold 89,959 shares of TPI Composites stock. The stock was sold at an average price of $25.75, for a total transaction of $2,316,444.25.
  • On Thursday, October 4th, Michael Lawrence Derosa sold 27,450 shares of TPI Composites stock. The stock was sold at an average price of $28.10, for a total transaction of $771,345.00.
  • On Friday, September 21st, Michael Lawrence Derosa sold 34,845 shares of TPI Composites stock. The stock was 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 stock was 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 stock was sold at an average price of $27.35, for a total transaction of $1,124,741.40.
  • On Wednesday, September 12th, Michael Lawrence Derosa sold 27,200 shares of TPI Composites stock. The stock was sold at an average price of $27.23, for a total transaction of $740,656.00.
  • 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 shares were sold at an average price of $27.34, for a total transaction of $1,077,196.00.

NASDAQ TPIC traded up $0.25 during mid-day trading on Friday, reaching $25.59. 303,744 shares of the stock were exchanged, compared to its average volume of 328,996. TPI Composites Inc has a 1 year low of $16.35 and a 1 year high of $32.22. The company has a market capitalization of $945.66 million, a PE ratio of 20.47 and a beta of 0.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.63 and a current ratio of 1.65.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.34. TPI Composites had a net margin of 3.17% and a return on equity of 17.01%. The firm had revenue of $255.00 million for the quarter, compared to the consensus estimate of $258.35 million. During the same period in the prior year, the firm posted $0.62 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts expect that TPI Composites Inc will post 0.35 EPS for the current year.

A number of research analysts have issued reports on TPIC shares. TheStreet upgraded shares of TPI Composites from a “c” rating to a “b-” rating in a research note on Monday, July 23rd. UBS Group upped their price target on shares of TPI Composites from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Cowen set a $35.00 price target on shares of TPI Composites and gave the company a “buy” rating in a research note on Wednesday, August 8th. Craig Hallum upped their price target on shares of TPI Composites from $33.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, BidaskClub upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. TPI Composites currently has an average rating of “Buy” and an average price target of $34.61.

A number of institutional investors and hedge funds have recently bought and sold shares of TPIC. Hood River Capital Management LLC purchased a new position in TPI Composites during the second quarter valued at $20,767,000. Handelsbanken Fonder AB lifted its holdings in TPI Composites by 46.0% during the first quarter. Handelsbanken Fonder AB now owns 1,714,151 shares of the industrial products company’s stock valued at $38,483,000 after purchasing an additional 540,193 shares in the last quarter. Trigran Investments Inc. lifted its holdings in TPI Composites by 130.7% during the second quarter. Trigran Investments Inc. now owns 848,543 shares of the industrial products company’s stock valued at $24,811,000 after purchasing an additional 480,751 shares in the last quarter. BlackRock Inc. lifted its holdings in TPI Composites by 38.7% during the second quarter. BlackRock Inc. now owns 959,762 shares of the industrial products company’s stock valued at $28,063,000 after purchasing an additional 267,717 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in TPI Composites during the third quarter valued at $6,567,000. 51.54% of the stock is currently owned by institutional investors and hedge funds.

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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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