Paul Maness Sells 5,000 Shares of TAT Technologies (NASDAQ:TATT) Stock

TAT Technologies Ltd. (NASDAQ:TATT) insider Paul Maness sold 5,000 shares of TAT Technologies stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $45.41, for a total transaction of $227,050.00. Following the sale, the insider directly owned 5,000 shares of the company’s stock, valued at $227,050. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

TAT Technologies Stock Down 0.6%

TAT Technologies stock opened at $43.38 on Wednesday. The company’s 50-day moving average price is $39.68 and its two-hundred day moving average price is $45.39. The company has a quick ratio of 2.46, a current ratio of 4.69 and a debt-to-equity ratio of 0.05. The stock has a market cap of $563.07 million, a P/E ratio of 33.63 and a beta of 1.00. TAT Technologies Ltd. has a twelve month low of $27.32 and a twelve month high of $64.50.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Thursday, May 21st. The aerospace company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.19 by $0.07. The company had revenue of $41.15 million for the quarter, compared to the consensus estimate of $40.25 million. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%. As a group, analysts expect that TAT Technologies Ltd. will post 1.52 EPS for the current year.

Institutional Trading of TAT Technologies

Large investors have recently modified their holdings of the stock. Greenline Wealth Management LLC bought a new stake in TAT Technologies during the fourth quarter worth about $41,000. Royal Bank of Canada increased its holdings in TAT Technologies by 978.8% in the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock valued at $50,000 after buying an additional 1,018 shares during the period. PNC Financial Services Group Inc. bought a new position in TAT Technologies in the 3rd quarter valued at about $53,000. Quantbot Technologies LP acquired a new position in shares of TAT Technologies in the 3rd quarter valued at approximately $121,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of TAT Technologies during the 3rd quarter worth approximately $225,000. 15.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TATT has been the topic of several recent research reports. Weiss Ratings cut TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Zacks Research upgraded shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd. Truist Financial raised shares of TAT Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Benchmark lifted their price objective on shares of TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, B. Riley Financial began coverage on shares of TAT Technologies in a research report on Wednesday, April 8th. They set a “buy” rating and a $61.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, TAT Technologies presently has a consensus 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.