1 week Ago By Defense World Staff
Prudential Financial Inc. purchased a new position in TPI Composites, Inc. (NASDAQ:TPIC – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The fund purchased 22,935 shares of the industrial products company’s stock, valued at approximately $43,000. Several other large investors also recently made changes to their positions in the stock. Cedar Point Capital Partners LLC raised its stake in shares of TPI Composites by 100.
0% in the 4th quarter. Cedar Point Capital Partners LLC now owns 20,000 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 10,000 shares in the last quarter. Peoples Bank KS lifted its stake in shares of TPI Composites by 100.
0% in the fourth quarter. Peoples Bank KS now owns 20,000 shares of the industrial products company’s stock worth $38,000 after buying an additional 10,000 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of TPI Composites during the 3rd quarter worth $57,000.
Sanctuary Advisors LLC grew its stake in TPI Composites by 8.2% in the 4th quarter. Sanctuary Advisors LLC now owns 290,098 shares of the industrial products company’s stock valued at $548,000 after buying an additional 22,005 shares during the last quarter.
Finally, Sustainable Insight Capital Management LLC acquired a new position in TPI Composites in the 4th quarter valued at $80,000. Institutional investors own 75.24% of the company’s stock.
TPI Composites Stock Up 9.1 %TPI Composites stock opened at $0.83 on Friday.
The business has a 50 day moving average price of $1.06 and a two-hundred day moving average price of $2.00.
TPI Composites, Inc. has a 12 month low of $0.64 and a 12 month high of $5.
75. The stock has a market cap of $39.53 million, a price-to-earnings ratio of -0.
16 and a beta of 2.06. TPI Composites (NASDAQ:TPIC – Get Free Report) last issued its earnings results on Thursday, February 20th.
The industrial products company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.
66). The company had revenue of $346.51 million during the quarter, compared to analyst estimates of $364.
83 million. On average, analysts expect that TPI Composites, Inc. will post -0.
9 earnings per share for the current fiscal year. Analysts Set New Price TargetsA number of equities research analysts have issued reports on TPIC shares. Jefferies Financial Group cut shares of TPI Composites from a “hold” rating to an “underperform” rating and decreased their price target for the company from $2.
30 to $0.50 in a report on Tuesday, March 18th. UBS Group decreased their target price on TPI Composites from $2.
40 to $1.60 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. StockNews.
com raised TPI Composites from a “sell” rating to a “hold” rating in a research report on Monday, February 24th. Finally, Roth Mkm reduced their price objective on TPI Composites from $2.75 to $1.
50 and set a “neutral” rating for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock presently has an average rating of “Hold” and an average price target of $3.19.Check Out Our Latest Analysis on TPI CompositesInsider Transactions at TPI CompositesIn related news, major shareholder Construction Taahhut A.
S. Dere acquired 66,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were bought at an average cost of $1.
44 per share, for a total transaction of $95,040.00. Following the purchase, the insider now owns 4,295,232 shares in the company, valued at approximately $6,185,134.
08. This trade represents a 1.56 % increase in their position.
The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders acquired 205,000 shares of company stock valued at $307,050. Company insiders own 3.
70% of the company’s stock. TPI Composites Company Profile (Free Report)TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators.
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