TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Director Joseph T. Noonan of Watts Water Technologies (NYSE:WTS) sold 713 shares of Class A Common Stock on August 13, 2025. The shares were sold at a price of $274.45, for a total transaction value of $195,682. The transaction occurred near the stock’s 52-week high of $273.79, with WTS shares showing impressive momentum, having gained over 50% in the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Following the transaction, Noonan directly owns 1,194 shares of Watts Water Technologies. The company, with a market capitalization of $9.3 billion, maintains an "GREAT" financial health score according to InvestingPro, which offers comprehensive analysis through its Pro Research Report, including 16 additional key insights about WTS’s financial performance and market position.
In other recent news, Watts Water Technologies reported strong financial results for the second quarter of 2025. The company exceeded analyst expectations with an adjusted earnings per share (EPS) of $3.09, surpassing the forecasted $2.63. Revenue also outperformed predictions, reaching $644 million compared to the anticipated $611.68 million. These results highlight Watts Water Technologies’ ability to deliver above-market performance in a challenging economic environment. Additionally, despite the positive earnings report, the company’s stock experienced a slight dip, reflecting broader market trends. The financial results demonstrate robust operational performance, although investor sentiment remains cautious. Analysts continue to monitor the company’s financial health closely, taking note of its ability to exceed projections.
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