Piper Sandler began to cover the shares of Composites TPI (NASDAQ: TPIC) in a note to investors on Thursday, The Fly reports. The brokerage house assigned a rating “neutral” to the shares of the industrial products company.

The TPIC has been the subject of a number of other reports. Roth Capital raised its price target for TPI Composites shares from $ 56.00 to $ 60.00 and gave the stock a “buy” rating in a research report published on Tuesday, March 2. Craig Hallum downgraded TPI Composites’ stock from a “buy†rating to a “keep†rating in a research report released on Friday, February 26. They noted that the move was an appraisal call. Zacks Investment Research downgraded TPI Composites shares from a “hold†rating to a “sell†rating in a research report released on Friday, May 21. Stifel Nicolaus reiterated a “buy” note and issued a price target of $ 68.00 on shares of TPI Composites in a research report on Monday, May 17. Finally, JPMorgan Chase & Co. lowered its price target on TPI Composites shares from $ 51.00 to $ 46.00 and set a “neutral” rating for the stock in a research report released on Monday 8th. March. One equity research analyst rated the stock with a sell rating, four gave the conservation rating, and eight gave the company a buy rating. TPI Composites has an average “Buy†rating and a consensus price target of $ 59.67.

The NASDAQ TPIC opened at $ 46.51 on Thursday. The company’s fifty-day moving average is $ 50.20. The company has a quick ratio of 1.25, a current ratio of 1.28, and a debt ratio of 0.93. TPI Composites has a 12 month low of $ 20.27 and a 12 month high of $ 81.36. The company has a market cap of $ 1.71 billion, a P / E ratio of -71.55 and a beta of 1.58.

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

Meanwhile, CEO William E. Siwek sold 2,130 shares of TPI Composites in a transaction that took place on Tuesday, May 18. The shares were sold for an average price of $ 44.41, for a total value of $ 94,593.30. As a result of the transaction, the CEO now owns 107,476 shares of the company, valued at approximately $ 4,773,009.16. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through the SEC website. Additionally, COO Ramesh Gopalakrishnan sold 997 shares of TPI Composites in a trade that took place on Monday March 15th. The stock was sold for an average price of $ 52.30, for a total trade of $ 52,143.10. Following the completion of the transaction, the COO now directly owns 10,905 shares of the company, valued at approximately $ 570,331.50. Disclosure of this sale can be found here. In the past three months, insiders have sold 206,060 shares of the company valued at $ 9,438,304. 5.60% of the shares are held by insiders of the company.

Institutional investors and hedge funds have recently changed their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired in the 4th quarter a new position in shares of TPI Composites valued at approximately $ 1,057,000. Rockefeller Capital Management LP increased its stake in the shares of TPI Composites by 1.4% in the 1st quarter. Rockefeller Capital Management LP now owns 748,180 shares of the industrials company valued at $ 42,218,000 after purchasing an additional 10,254 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in TPI Composites shares by 67.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 26,378 shares of the industrial products company valued at $ 1,489,000 after purchasing an additional 10,589 shares in the last quarter. DnB Asset Management AS acquired a new position in TPI Composites shares in the first quarter valued at approximately $ 3,373,000. Finally, Alps Advisors Inc. increased its position in TPI Composites shares by 37.9% in the first quarter. Alps Advisors Inc. now owns 346,129 shares of the industrials company valued at $ 19,532,000 after acquiring an additional 95,205 shares in the last quarter. 81.86% of the shares are currently held by institutional investors.

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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