TPI Composites Inc (TPIC) Director Stephen Bransfield Buys 4,000 Shares

TPI Composites Inc (NASDAQ:TPIC) Director Stephen Bransfield bought 4,000 shares of TPI Composites stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average price of $22.85 per share, with a total value of $91,400.00. Following the completion of the acquisition, the director now directly owns 23,137 shares of the company’s stock, valued at approximately $528,680.45. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:TPIC opened at $23.46 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.33 and a quick ratio of 1.31. The company has a market capitalization of $788.54 million, a P/E ratio of 293.25 and a beta of 0.88. TPI Composites Inc has a 52 week low of $21.67 and a 52 week high of $32.74.

TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported ($0.35) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.02. The business had revenue of $299.78 million during the quarter, compared to the consensus estimate of $300.16 million. TPI Composites had a negative net margin of 1.44% and a negative return on equity of 8.24%. On average, research analysts expect that TPI Composites Inc will post -0.06 earnings per share for the current year.



A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a report on Monday, April 1st. BidaskClub cut shares of TPI Composites from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. upgraded shares of TPI Composites from a “neutral” rating to an “overweight” rating and set a $34.00 target price for the company in a report on Tuesday, March 5th. TheStreet cut shares of TPI Composites from a “b-” rating to a “c” rating in a report on Wednesday, January 23rd. Finally, Zacks Investment Research upgraded shares of TPI Composites from a “strong sell” rating to a “hold” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $36.72.

Several large investors have recently modified their holdings of the stock. Handelsbanken Fonder AB lifted its position in shares of TPI Composites by 23.0% in the 4th quarter. Handelsbanken Fonder AB now owns 2,127,478 shares of the industrial products company’s stock valued at $52,293,000 after acquiring an additional 397,318 shares in the last quarter. Trigran Investments Inc. lifted its position in shares of TPI Composites by 60.7% in the 4th quarter. Trigran Investments Inc. now owns 1,892,818 shares of the industrial products company’s stock valued at $46,525,000 after acquiring an additional 714,798 shares in the last quarter. BlackRock Inc. lifted its position in shares of TPI Composites by 1.4% in the 1st quarter. BlackRock Inc. now owns 1,226,969 shares of the industrial products company’s stock valued at $35,115,000 after acquiring an additional 16,901 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of TPI Composites by 2.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,049,628 shares of the industrial products company’s stock valued at $30,041,000 after acquiring an additional 27,704 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of TPI Composites by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 855,782 shares of the industrial products company’s stock valued at $24,433,000 after acquiring an additional 47,096 shares in the last quarter. Institutional investors and hedge funds own 70.02% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was first posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://dakotafinancialnews.com/2019/05/22/tpi-composites-inc-tpic-director-stephen-bransfield-buys-4000-shares.html.

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.

Featured Article: Gap Up Stocks

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

Receive News & Ratings for TPI Composites Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites and related companies with MarketBeat.com's FREE daily email newsletter.