James Alton Hughes sells 5,000 shares of TPI Composites, Inc. (NASDAQ: TPIC)
TPI Composites, Inc. (NASDAQ: TPIC) director James Alton Hughes sold 5,000 shares in a trade on Wednesday, June 2. The shares were sold for an average price of $ 46.75, for a total value of $ 233,750.00. Following the completion of the transaction, the director now directly owns 29,105 shares of the company, valued at approximately $ 1,360,658.75. The transaction was disclosed in a file with the SEC, accessible through the SEC’s website.
TPIC stock traded down $ 0.33 during trading hours on Friday, reaching $ 44.20. 411,853 shares were traded, for an average volume of 892,327. The company’s 50-day simple moving average is $ 50.80. The company has a market cap of $ 1.62 billion, a P / E ratio of -68.51 and a beta of 1.58. The company has a leverage ratio of 0.93, a quick ratio of 1.25, and a current ratio of 1.28. TPI Composites, Inc. has a 12-month low of $ 20.27 and a 12-month high of $ 81.36.
TPI Composites (NASDAQ: TPIC) last reported its 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. The company posted revenue of $ 404.68 million in the quarter, compared to $ 414.90 million expected by analysts. TPI Composites posted a positive return on equity of 13.12% and a negative net margin of 1.18%. The company’s revenue grew 13.5% year-over-year. In the same quarter of the previous year, the company made EPS ($ 0.01). Stock analysts expect TPI Composites, Inc. to post earnings per share of 0.54 for the current year.
The TPIC has been the subject of a number of analyst reports. Canaccord Genuity increased its price target for TPI composites from $ 65 to $ 70.00 and gave the company a “buy” rating in a research note on Friday, February 26. JPMorgan Chase & Co. lowered its price target for TPI Composites shares from $ 51.00 to $ 46.00 and set a “neutral” rating for the company in a research report released on Monday, March 8. Stifel Nicolaus reaffirmed a “buy” note and issued a price target of $ 68.00 on shares of TPI Composites in a research report on Monday, May 17. Morgan Stanley lowered its price target for TPI Composites shares from $ 68.00 to $ 62.00 and set an “overweight” rating for the company in a research report released on Tuesday, May 18. Finally, Roth Capital raised its price target on TPI Composites shares from $ 56.00 to $ 60.00 and gave the company a “buy” rating in a research report published on Tuesday, March 2. One analyst rated the stock with a sell rating, three issued a conservation rating, and eight assigned a buy rating to the stock. TPI Composites currently has a consensus rating of “Buy” and a consensus price target of $ 59.67.
Hedge funds and other institutional investors have recently changed their positions in the company. Banque Cantonale Vaudoise bought a new position in TPI Composites shares in the 1st quarter for a value of approximately $ 31,000. Orion Capital Management LLC purchased a new position in TPI Composites shares in the 4th quarter valued at approximately $ 53,000. Exchange Traded Concepts LLC increased its holdings of TPI Composites shares by 251.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the industrial products company valued at $ 65,000 after acquiring an additional 830 shares in the last quarter. IFP Advisors Inc bought a new position in TPI Composites shares in the 1st quarter valued at approximately $ 79,000. Finally, Nisa Investment Advisors LLC purchased a new position in TPI Composites shares in the 4th quarter valued at approximately $ 84,000. Institutional investors hold 81.86% of the company’s shares.
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.
Feature article: Conference calls and individual investors
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: How to invest using stock market indices
7 hotel actions just waiting for the vaccine
Like any group of travel and tourism-related stocks, hotel stocks saw a sharp decline in share prices in 2020. The leisure and hospitality sector, which once had 15 million employees, lost 4 million dollars. ‘jobs since February.
Many large cities will feel the ripple effects of the Covid-19 pandemic for years to come. However, there is ample evidence that the pandemic could be coming to an end. The number of new cases is dropping. The number of people vaccinated is increasing. And even in cities where mitigation measures are the most restrictive, the slow process of reopening begins.
All of this cannot come quickly enough for people who depend on the travel and tourism industry for their livelihood. The hotel chains had at least some revenue to come. And at the end of the earnings season, the most budget hotel chains could achieve revenues equal to 75% of their 2019 figures. But that is not enough to bring hotels to a level close to full employment. Especially with hotels that have bars and restaurants that have remained closed or open to limited capacity.
Many economists are optimistic that travel may start to look more normal by the summer of this year. And the global economy could generate 6.4% GDP growth this year. With this in mind, hotel chains with the best fundamentals and the largest footprint will be in the best position when the economy reopens.
Consult the “7 stocks of hotels that are just waiting for the vaccine”.