190,332 Shares in TAT Technologies Ltd. $TATT Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC acquired a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the first quarter, HoldingsChannel.com reports. The firm acquired 190,332 shares of the aerospace company’s stock, valued at approximately $7,733,000.

Several other institutional investors have also modified their holdings of TATT. Wasatch Advisors LP boosted its holdings in shares of TAT Technologies by 143.0% in the 2nd quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company’s stock worth $23,858,000 after purchasing an additional 459,693 shares during the period. Penn Capital Management Company LLC boosted its position in shares of TAT Technologies by 1,063.4% during the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after buying an additional 327,015 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of TAT Technologies by 92.1% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock worth $17,283,000 after buying an additional 185,574 shares during the period. Next Century Growth Investors LLC bought a new stake in shares of TAT Technologies during the 4th quarter worth approximately $5,902,000. Finally, Apis Capital Advisors LLC purchased a new position in TAT Technologies during the 3rd quarter valued at $5,063,000. 15.13% of the stock is owned by institutional investors.

TAT Technologies Price Performance

NASDAQ:TATT opened at $47.60 on Monday. The company has a 50-day moving average of $40.60 and a 200 day moving average of $45.79. TAT Technologies Ltd. has a 1-year low of $29.30 and a 1-year high of $64.50. The firm has a market cap of $617.85 million, a PE ratio of 36.90 and a beta of 0.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.69 and a quick ratio of 2.46.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.26 earnings per share (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 analyst estimates of $40.25 million. TAT Technologies had a net margin of 9.27% and a return on equity of 9.47%. As a group, research analysts anticipate that TAT Technologies Ltd. will post 1.52 EPS for the current fiscal year.

Insider Activity

In other TAT Technologies news, insider Paul Maness sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total value of $227,050.00. Following the completion of the transaction, the insider directly owned 5,000 shares in the company, valued at approximately $227,050. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jason Lewandowski sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total transaction of $122,562.50. Following the completion of the sale, the chief operating officer owned 3,125 shares in the company, valued at $122,562.50. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Truist Financial raised shares of TAT Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings cut shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 15th. B. Riley Financial assumed coverage on shares of TAT Technologies in a report on Wednesday, April 8th. They set a “buy” rating and a $61.00 price objective for the company. Finally, Benchmark boosted their price objective on shares of TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Three 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 company’s stock. According to MarketBeat, TAT Technologies currently has a consensus rating of “Buy” and an average price target of $57.29.

About TAT Technologies

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.