Carillon Tower Advisers Inc. Grows Holdings in TPI Composites Inc (NASDAQ:TPIC)

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Carillon Tower Advisers Inc. increased its position in TPI Composites Inc (NASDAQ:TPIC) by 36.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,212 shares of the industrial products company’s stock after acquiring an additional 51,900 shares during the quarter. Carillon Tower Advisers Inc. owned about 0.56% of TPI Composites worth $3,679,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Triodos Investment Management BV lifted its position in shares of TPI Composites by 75.0% during the third quarter. Triodos Investment Management BV now owns 350,000 shares of the industrial products company’s stock worth $6,563,000 after purchasing an additional 150,000 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of TPI Composites by 24.8% during the third quarter. Alps Advisors Inc. now owns 67,431 shares of the industrial products company’s stock worth $1,264,000 after purchasing an additional 13,389 shares during the last quarter. First Trust Advisors LP lifted its position in shares of TPI Composites by 7.1% during the third quarter. First Trust Advisors LP now owns 116,326 shares of the industrial products company’s stock worth $2,181,000 after purchasing an additional 7,725 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of TPI Composites by 307.5% during the third quarter. Russell Investments Group Ltd. now owns 24,529 shares of the industrial products company’s stock worth $459,000 after purchasing an additional 18,510 shares during the last quarter. Finally, Sciencast Management LP bought a new stake in shares of TPI Composites during the third quarter worth $210,000. 89.56% of the stock is owned by institutional investors.

In other TPI Composites news, President William E. Siwek purchased 2,823 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $17.73 per share, for a total transaction of $50,051.79. Following the completion of the purchase, the president now owns 67,676 shares of the company’s stock, valued at $1,199,895.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 20.30% of the stock is owned by insiders.

TPIC has been the subject of several research analyst reports. BidaskClub upgraded TPI Composites from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Roth Capital downgraded TPI Composites from a “buy” rating to a “neutral” rating in a research report on Friday, November 8th. Raymond James decreased their target price on TPI Composites from $32.00 to $25.00 and set a “strong-buy” rating for the company in a research report on Thursday, November 7th. Benchmark started coverage on TPI Composites in a research note on Friday, October 4th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Berenberg Bank lowered TPI Composites to a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $26.00.

Shares of TPI Composites stock opened at $16.76 on Thursday. The firm has a market cap of $572.04 million, a P/E ratio of 209.50 and a beta of 1.73. The company has a current ratio of 1.26, a quick ratio of 1.22 and a debt-to-equity ratio of 1.15. TPI Composites Inc has a 12 month low of $15.34 and a 12 month high of $32.74. The stock’s fifty day moving average price is $19.16 and its 200-day moving average price is $21.76.

TPI Composites (NASDAQ:TPIC) last posted its earnings results on Wednesday, November 6th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.19). TPI Composites had a negative net margin of 1.82% and a negative return on equity of 6.29%. The company had revenue of $383.84 million during the quarter, compared to analysts’ expectations of $400.60 million. During the same quarter last year, the firm earned $0.26 EPS. TPI Composites’s revenue for the quarter was up 50.5% on a year-over-year basis. Analysts forecast that TPI Composites Inc will post -0.04 earnings per share for the current year.

TPI Composites Profile

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.

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

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