Thomas J. Castle, insider of TPI Composites, Inc. (NASDAQ: TPIC), sold 25,423 shares of the stock in a trade dated Wednesday, May 26. The shares were sold for an average price of $ 49.15, for a total transaction of $ 1,249,540.45. Following the closing of the sale, the insider now owns 32,254 shares of the company, valued at approximately $ 1,585,284.10. The sale was disclosed in a file with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ: TPIC traded down $ 1.53 on Friday, to hit $ 48.30. 353,448 shares of the company were traded, against an average volume of 906,437. The company has a leverage ratio of 0.93, a current ratio of 1.28 and a rapid ratio of 1.25. The company has a market cap of $ 1.77 billion, a price-to-earnings ratio of -75.00 and a beta of 1.58. TPI Composites, Inc. has a 52 week low of $ 20.22 and a 52 week high of $ 81.36. The stock has a fifty-day simple moving average of $ 50.42 and a 200-day simple moving average of $ 53.48.

TPI Composites (NASDAQ: TPIC) last reported its results on Thursday, May 6. The industrials company reported earnings per share of ($ 0.05) for the quarter, beating analyst consensus estimates of ($ 0.10) by $ 0.05. The company posted revenue of $ 404.68 million in the quarter, compared to analysts’ estimates of $ 414.90 million. TPI Composites had a negative net margin of 1.18% and a positive return on equity of 13.12%. The company’s quarterly revenue increased 13.5% year-over-year. In the same quarter of last year, the company made earnings per share ($ 0.01). As a group, sell-side analysts predict that TPI Composites, Inc. will post 0.54 EPS for the current year.

Large investors have recently changed their holdings in the company. Banque Cantonale Vaudoise acquired a new position in TPI Composites during the first quarter valued at approximately $ 31,000. Orion Capital Management LLC acquired a new position in TPI Composites during the fourth quarter valued at approximately $ 53,000. Exchange Traded Concepts LLC strengthened its position in TPI Composites by 251.5% during the first quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the industrial products company valued at $ 65,000 after purchasing an additional 830 shares during the period. IFP Advisors Inc acquired a new equity interest in TPI Composites in the first quarter valued at approximately $ 79,000. Finally, Nisa Investment Advisors LLC purchased a new stake in TPI Composites shares in the fourth quarter valued at approximately $ 84,000. Hedge funds and other institutional investors hold 81.86% of the company’s shares.

Several analysts recently commented on TPIC stocks. In a Friday May 21 report, Zacks Investment Research downgraded TPI Composites shares from a “hold†rating to a “sell†rating. Roth Capital raised its target price on TPI Composites shares from $ 56.00 to $ 60.00 and gave the company a “buy†rating in a report on Tuesday, March 2. Morgan Stanley lowered its price target on TPI Composites shares from $ 68.00 to $ 62.00 and set an “overweight” rating for the company in a report released Monday. Canaccord Genuity raised the target price of TPI Composites’ stock from $ 65.00 to $ 70.00 and gave the company a “buy†rating in a report on Thursday, March 4. Finally, Stifel Nicolaus reworded a “buy†note and set a price target of $ 68.00 on TPI Composites shares in a research report on Monday, May 17. One analyst rated the stock with a sell rating, three assigned a sustaining rating, and eight assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $ 59.67.

About TPI composites

TPI Composites, Inc manufactures and sells composite wind turbine blades and related precision casting and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field inspection and repair services to OEM customers and wind farm owners and operators.

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