ValuEngine downgraded shares of TPI Composites (NASDAQ:TPIC) from a buy rating to a hold rating in a research note released on Thursday.

TPIC has been the subject of several other reports. BidaskClub upgraded TPI Composites from a hold rating to a buy rating in a report on Thursday, December 21st. Zacks Investment Research downgraded TPI Composites from a buy rating to a hold rating in a report on Wednesday, November 22nd. Craig Hallum began coverage on TPI Composites in a report on Tuesday, January 16th. They issued a buy rating and a $33.00 price target for the company. JMP Securities began coverage on TPI Composites in a report on Thursday, November 16th. They set an outperform rating and a $33.00 price objective for the company. Finally, Canaccord Genuity upped their price objective on TPI Composites from $23.00 to $26.00 and gave the stock a buy rating in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. TPI Composites presently has an average rating of Buy and an average price target of $27.38.

TPI Composites (TPIC) opened at $18.84 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $640.75, a price-to-earnings ratio of 18.47 and a beta of -1.34. TPI Composites has a twelve month low of $15.26 and a twelve month high of $26.00.

In other news, major shareholder Investors L. P. Angeleno II sold 32,388 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $18.79, for a total transaction of $608,570.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel G. Weiss sold 51,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $19.14, for a total value of $976,140.00. Following the sale, the director now owns 2,880 shares of the company’s stock, valued at $55,123.20. The disclosure for this sale can be found here. Corporate insiders own 73.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its holdings in TPI Composites by 45.2% in the 2nd quarter. FMR LLC now owns 1,556,068 shares of the industrial products company’s stock valued at $28,756,000 after purchasing an additional 484,681 shares in the last quarter. BlackRock Inc. increased its holdings in TPI Composites by 1.0% in the 4th quarter. BlackRock Inc. now owns 508,006 shares of the industrial products company’s stock valued at $10,394,000 after purchasing an additional 5,093 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in TPI Composites by 17.9% in the 4th quarter. Bank of New York Mellon Corp now owns 487,738 shares of the industrial products company’s stock valued at $9,980,000 after purchasing an additional 73,901 shares in the last quarter. Vanguard Group Inc. increased its holdings in TPI Composites by 79.9% in the 2nd quarter. Vanguard Group Inc. now owns 485,589 shares of the industrial products company’s stock valued at $8,973,000 after purchasing an additional 215,680 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its holdings in TPI Composites by 5.3% in the 3rd quarter. Wasatch Advisors Inc. now owns 342,630 shares of the industrial products company’s stock valued at $7,654,000 after purchasing an additional 17,351 shares in the last quarter. Hedge funds and other institutional investors own 35.46% of the company’s stock.

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About TPI Composites

TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.

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Analyst Recommendations for TPI Composites (NASDAQ:TPIC)

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