TPI Composites, Inc. (NASDAQ: TPIC) CAO Mark Nunneley sold 67,641 shares of the company in a trade dated Wednesday, June 2. The stock was sold for an average price of $ 6.00, for a total value of $ 405,846.00.

Shares of TPIC opened at $ 40.51 on Friday. TPI Composites, Inc. has a 12-month low of $ 24.02 and a 12-month high of $ 81.36. The stock has a market cap of $ 1.49 billion, a price-to-earnings ratio of -62.32 and a beta of 1.58. The company has a 50-day moving average price of $ 45.84. The company has a leverage ratio of 0.93, a current ratio of 1.28, and a quick ratio of 1.25.

TPI Composites (NASDAQ: TPIC) last released its quarterly results on Thursday, May 6. The industrials company reported ($ 0.05) earnings per share for the quarter, beating the consensus estimate of ($ 0.10) by $ 0.05. The company posted revenue of $ 404.68 million in the quarter, compared to $ 414.90 million expected by analysts. TPI Composites had a negative net margin of 1.18% and a positive return on equity of 13.12%. The company’s revenue for the quarter increased 13.5% year-over-year. In the same quarter of the previous year, the company posted EPS ($ 0.01). As a group, equity analysts predict that TPI Composites, Inc. will post 0.59 EPS for the current year.

A number of stock analysts have published reports on TPIC stocks. Evercore ISI began covering shares of TPI Composites in a research report on Monday, April 19. They set an “outperformance” rating and a price target of $ 65 for the company. Zacks Investment Research upgraded TPI Composites shares from a “sell†rating to a “conservation†rating in a research report on Saturday, July 10. Piper Sandler assumed coverage of TPI Composites in a research report on Thursday, June 10. They set a “neutral” rating and a target price of $ 50.00 on the stock. Stifel Nicolaus reissued a “buy†note and issued a price target of $ 68.00 on shares of TPI Composites in a report released on Monday, May 17th. Finally, Seaport Res Ptn reaffirmed a “buy” note on TPI Composites shares in a report released Thursday. Five research analysts rated the stock with a conservation rating and ten gave the stock a buy rating. The stock has an average rating of “Buy” and an average price target of $ 59.50.

A number of large investors have recently bought and sold shares of TPIC. Golden Green Inc. increased its holdings of TPI Composites shares by 3.9% in the second quarter. Golden Green Inc. now owns 11,593 shares of the industrial products company valued at $ 561,000 after purchasing an additional 435 shares during the period. Nia Impact Advisors LLC increased its stake in TPI Composites by 10.1% during the first quarter. Nia Impact Advisors LLC now owns 76,611 shares of the industrial products company valued at $ 4,323,000 after purchasing an additional 7,033 shares during the period. Schroder Investment Management Group increased its stake in TPI Composites by 8.0% during the first quarter. Schroder Investment Management Group now owns 1,789,718 shares of the industrial products company valued at $ 100,994,000 after purchasing an additional 131,890 shares during the period. Millennium Management LLC increased its position in TPI Composites shares by 23.3% during the first quarter. Millennium Management LLC now owns 154,923 shares of the industrial products company valued at $ 8,742,000 after acquiring an additional 29,266 shares during the last quarter. Finally, Amundi Asset Management US Inc. increased its stake in TPI Composites shares by 75.4% in the first quarter. Amundi Asset Management US Inc. now owns 88,496 shares of the industrial products company valued at $ 4,994,000 after acquiring an additional 38,030 shares during the period. Institutional investors hold 80.50% of the shares of the company.

TPI Composites Company Profile

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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