Dynamic Technology Lab Private Ltd Takes $374,000 Position in TPI Composites, Inc. (NASDAQ:TPIC)


Dynamic Technology Lab Private Ltd purchased a new stake in shares of TPI Composites, Inc. (NASDAQ:TPIC – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 90,314 shares of the industrial products company’s stock, valued at approximately $374,000. Dynamic Technology Lab Private Ltd owned approximately 0.21% of TPI Composites at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TPIC. Citizens Financial Group Inc. RI acquired a new stake in TPI Composites during the third quarter valued at $28,000. Vaughan David Investments LLC IL acquired a new stake in TPI Composites during the third quarter valued at $31,000. Peoples Bank KS boosted its position in TPI Composites by 100.0% during the fourth quarter. Peoples Bank KS now owns 10,000 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 5,000 shares during the last quarter. Cedar Point Capital Partners LLC acquired a new stake in shares of TPI Composites in the fourth quarter worth about $41,000. Finally, First Affirmative Financial Network acquired a new stake in shares of TPI Composites in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

TPI Composites Trading Up 12.1 %

TPI Composites stock opened at $4.74 on Monday. The business’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $3.03. TPI Composites, Inc. has a 52 week low of $1.63 and a 52 week high of $12.24.

TPI Composites (NASDAQ:TPIC – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported ($1.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.59). The firm had revenue of $299.06 million during the quarter, compared to analyst estimates of $299.93 million. As a group, research analysts predict that TPI Composites, Inc. will post -2.11 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on TPIC shares. Roth Mkm boosted their price target on TPI Composites from $3.30 to $3.75 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $3.00 price target (down previously from $4.00) on shares of TPI Composites in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.63.

Check Out Our Latest Stock Report on TPIC

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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Institutional Ownership by Quarter for TPI Composites (NASDAQ:TPIC)



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