Turning Point Brands Inc (NYSE: TPB) is -4.19% lower on its value in year-to-date trading and has touched a low of $21.98 and a high of $66.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TPB stock was last observed hovering at around $56.46 in the last trading session, with the day’s gains setting it 1.12%.
Currently trading at $57.58, the stock is -0.87% and -2.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing 1.98% at the moment leaves the stock 37.46% off its SMA200. TPB registered 130.23% gain for a year compared to 6-month gain of 57.11%. The firm has a 50-day simple moving average (SMA 50) of $58.9406 and a 200-day simple moving average (SMA200) of $41.88905.
The stock witnessed a -5.25% loss in the last 1 month and extending the period to 3 months gives it a 32.16%, and is 4.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 3.19% over the month.
Turning Point Brands Inc (TPB) has around 373 employees, a market worth around $1.02B and $408.31M in sales. Current P/E ratio is 23.04 and Fwd P/E is 18.11. Profit margin for the company is 11.63%. Distance from 52-week low is 161.97% and -12.99% from its 52-week high. The company has generated returns on investments over the last 12 months (10.72%).
with sales reaching $102.27M over the same period.The EPS is expected to grow by 31.22% this year, but quarterly earnings will post 1.99% year-over-year. Quarterly sales are estimated to grow 5.31% in year-over-year returns.
Turning Point Brands Inc (TPB) Top Institutional Holders
232.0 institutions hold shares in Turning Point Brands Inc (TPB), with institutional investors hold 86.71% of the company’s shares. The shares outstanding are 17.72M, and float is at 16.44M with Short Float at 2.21%. Institutions hold 82.77% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.56 million shares valued at $50.13 million. The investor’s holdings represent 8.8486% of the TPB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.53 million shares valued at $49.1 million to account for 8.6668 of the shares outstanding. The other top investors are THRIVENT FINANCIAL FOR LUTHERANS which holds 1.37 million shares representing 7.7815% and valued at over $44.09 million, while MORGAN STANLEY holds 7.1775 of the shares totaling 1.27 million with a market value of $40.66 million.
Turning Point Brands Inc (TPB) Insider Activity
The most recent transaction is an insider sale by Baxter Gregory H.A., the company’s Director. SEC filings show that Baxter Gregory H.A. sold 5,683 shares of the company’s common stock on Aug 23 ’24 at a price of $39.59 per share for a total of $0.22 million. Following the sale, the insider now owns 40861.0 shares.
Turning Point Brands Inc disclosed in a document filed with the SEC on Aug 20 ’24 that Baxter Gregory H.A. (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Aug 20 ’24 and was made at $39.42 per share for $78840.0. Following the transaction, the insider now directly holds 46544.0 shares of the TPB stock.
Still, SEC filings show that on Jun 17 ’24, De Plano Lorenzo (Chief Strategy Officer) acquired 4,000 shares at an average price of $31.80 for $0.13 million. The insider now directly holds 34,896 shares of Turning Point Brands Inc (TPB).
