Price T Rowe Associates Inc. MD Buys 3,737 Shares of TPI Composites, Inc. (NASDAQ:TPIC)

Price T Rowe Associates Inc. MD grew its stake in shares of TPI Composites, Inc. (NASDAQ:TPIC) by 12.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,347 shares of the industrial products company’s stock after buying an additional 3,737 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in TPI Composites were worth $100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of TPI Composites during the first quarter worth $312,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of TPI Composites during the fourth quarter worth $374,000. Clean Energy Transition LLP bought a new stake in shares of TPI Composites during the fourth quarter worth $1,620,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TPI Composites during the first quarter worth $77,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of TPI Composites during the fourth quarter worth $90,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

TPIC has been the topic of a number of research reports. Roth Mkm boosted their target price on shares of TPI Composites from $3.30 to $3.75 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Evercore ISI upgraded shares of TPI Composites to a “strong-buy” rating in a report on Monday, August 12th. Piper Sandler lifted their price target on shares of TPI Composites from $3.50 to $3.70 and gave the stock a “neutral” rating in a report on Monday, August 12th. Bank of America lifted their price target on shares of TPI Composites from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TPI Composites from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.09.

TPI Composites Stock Up 2.8 %

TPIC stock opened at $3.97 on Monday. The firm has a market cap of $188.77 million, a price-to-earnings ratio of -0.86 and a beta of 1.95. TPI Composites, Inc. has a 12-month low of $1.63 and a 12-month high of $5.75. The company’s fifty day simple moving average is $4.22 and its 200 day simple moving average is $3.62.

About TPI Composites

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.