TAT Technologies (NASDAQ:TATT) COO Jason Lewandowski Sells 3,125 Shares

TAT Technologies Ltd. (NASDAQ:TATT) COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total value of $122,562.50. Following the transaction, the chief operating officer directly owned 3,125 shares of the company’s stock, valued at $122,562.50. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TAT Technologies Stock Performance

Shares of NASDAQ TATT traded up $1.56 during mid-day trading on Thursday, hitting $41.89. The company had a trading volume of 29,597 shares, compared to its average volume of 180,891. The stock has a market cap of $543.67 million, a price-to-earnings ratio of 32.47 and a beta of 0.96. TAT Technologies Ltd. has a 12 month low of $25.52 and a 12 month high of $64.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.69 and a quick ratio of 2.46. The firm’s 50 day simple moving average is $39.88 and its two-hundred day simple moving average is $44.76.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data on Wednesday, May 20th. The aerospace company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%.The firm had revenue of $41.15 million during the quarter, compared to the consensus estimate of $40.25 million. As a group, equities research analysts forecast that TAT Technologies Ltd. will post 1.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new stake in shares of TAT Technologies during the third quarter valued at approximately $10,150,000. Oak Ridge Investments LLC acquired a new position in TAT Technologies in the 4th quarter worth approximately $1,160,000. Migdal Insurance & Financial Holdings Ltd. grew its position in TAT Technologies by 92.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock worth $17,283,000 after purchasing an additional 185,574 shares in the last quarter. Principal Financial Group Inc. raised its stake in TAT Technologies by 49.0% during the 3rd quarter. Principal Financial Group Inc. now owns 39,553 shares of the aerospace company’s stock valued at $1,742,000 after purchasing an additional 13,013 shares during the period. Finally, Calamos Advisors LLC raised its stake in TAT Technologies by 288.9% during the 4th quarter. Calamos Advisors LLC now owns 94,695 shares of the aerospace company’s stock valued at $4,229,000 after purchasing an additional 70,345 shares during the period. 15.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TATT shares. Wall Street Zen cut TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Stifel Nicolaus lifted their target price on TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd. B. Riley Financial started coverage on TAT Technologies in a report on Wednesday, April 8th. They set a “buy” rating and a $61.00 price target on the stock. Finally, Truist Financial raised shares of TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $57.29.

TAT Technologies Company Profile

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.