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

TAT Technologies Ltd. (NASDAQ:TATT) 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 value of $122,562.50. Following the sale, the chief operating officer owned 3,125 shares in the company, valued at approximately $122,562.50. 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 is available at this hyperlink.

TAT Technologies Stock Up 3.9%

NASDAQ TATT traded up $1.56 on Thursday, reaching $41.89. The company had a trading volume of 29,597 shares, compared to its average volume of 180,891. 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 Ltd. has a 1 year low of $25.52 and a 1 year high of $64.50. The firm has a 50-day moving average of $39.88 and a 200-day moving average of $44.76. The firm has a market capitalization of $543.67 million, a PE ratio of 32.47 and a beta of 0.96.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, May 20th. The aerospace company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $41.15 million for the quarter, compared to analysts’ expectations of $40.25 million. TAT Technologies had a net margin of 9.27% and a return on equity of 9.47%. On average, equities research analysts anticipate that TAT Technologies Ltd. will post 1.52 EPS for the current fiscal year.

Institutional Investors Weigh In On TAT Technologies

Several institutional investors and hedge funds have recently made changes to their positions in TATT. Goldman Sachs Group Inc. bought a new position in TAT Technologies during the first quarter worth $207,000. Jane Street Group LLC raised its holdings in shares of TAT Technologies by 125.8% during the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock worth $889,000 after purchasing an additional 18,020 shares during the period. JPMorgan Chase & Co. lifted its position in shares of TAT Technologies by 470.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 69,618 shares of the aerospace company’s stock worth $2,126,000 after buying an additional 57,412 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of TAT Technologies by 70.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,984 shares of the aerospace company’s stock worth $2,316,000 after buying an additional 31,104 shares during the last quarter. Finally, Walleye Capital LLC boosted its holdings in shares of TAT Technologies by 49.1% in the 2nd quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company’s stock valued at $377,000 after buying an additional 4,062 shares during the period. 15.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TATT shares. Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd. Benchmark lifted their price objective on TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. B. Riley Financial began coverage on TAT Technologies in a research report on Wednesday, April 8th. They issued a “buy” rating and a $61.00 target price on the stock. Lake Street Capital reiterated a “buy” rating and set a $59.00 target price on shares of TAT Technologies in a research note on Wednesday, February 4th. Finally, Wall Street Zen downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently 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.