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Director Gregory H.A. Baxter of Turning Point Brands NASDAQ:TPB, sold 1,500 shares of common stock on November 21, 2025, for approximately $147,345. The transaction comes as TPB stock has delivered impressive returns, with a 62.6% gain year-to-date and 58.3% over the past year, according to InvestingPro data.
The shares were sold in multiple transactions with prices ranging from $97.64 to $98.95. Following the transaction, Baxter directly owns 38,919 shares of Turning Point Brands, Inc., which includes 1,058 restricted stock units and 37,681 shares of common stock. TPB currently trades near $97.45, with analysts setting price targets between $110 and $125. The company maintains strong financial health with a 57.2% gross profit margin and has raised its dividend for 9 consecutive years. InvestingPro offers 14 additional investment tips and a comprehensive Pro Research Report for TPB, one of 1,400+ US equities covered with in-depth analysis and actionable insights.
In other recent news, Turning Point Brands reported impressive third-quarter earnings for 2025, significantly exceeding market expectations. The company achieved an earnings per share of $1.27, surpassing the forecasted $0.78, and reported revenue of $119 million, which exceeded estimates of $111.43 million. This revenue marked a 31% increase year-over-year, driven by strong performance in the Modern Oral/white pouches segment. Oppenheimer responded to these results by raising its price target for Turning Point Brands to $110, citing the company’s robust third-quarter performance. Additionally, the firm further increased its target to $120, highlighting the company’s strong positioning in the growing nicotine pouch market.
Turning Point Brands also announced an amendment to its at-the-market sales agreement, increasing the aggregate amount of common stock available for sale by $200 million. The company has already sold shares totaling nearly $100 million under the original agreement. In further developments, the Board of Directors declared a regular quarterly dividend of $0.075 per common share, payable on January 9, 2026. These recent developments reflect Turning Point Brands’ strategic financial maneuvers and strong market performance.
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