Phoenix Financial Ltd. Sells 117,500 Shares of TAT Technologies Ltd. $TATT

Phoenix Financial Ltd. decreased its position in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 248,906 shares of the aerospace company’s stock after selling 117,500 shares during the quarter. Phoenix Financial Ltd.’s holdings in TAT Technologies were worth $11,116,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TATT. Huntleigh Advisors Inc. increased its stake in TAT Technologies by 5.4% in the fourth quarter. Huntleigh Advisors Inc. now owns 40,166 shares of the aerospace company’s stock valued at $1,794,000 after purchasing an additional 2,065 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of TAT Technologies by 288.9% during the fourth quarter. Calamos Advisors LLC now owns 94,695 shares of the aerospace company’s stock worth $4,229,000 after purchasing an additional 70,345 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of TAT Technologies by 92.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock valued at $17,283,000 after buying an additional 185,574 shares during the period. Oak Ridge Investments LLC acquired a new position in shares of TAT Technologies in the 4th quarter valued at $1,160,000. Finally, Tower View Wealth Management LLC bought a new stake in shares of TAT Technologies in the 4th quarter valued at $1,568,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TATT has been the topic of several recent analyst reports. Zacks Research lowered TAT Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Benchmark raised their price target on TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Stifel Nicolaus lifted their price objective on TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a report on Friday, March 20th. Weiss Ratings lowered TAT Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $57.29.

TAT Technologies Price Performance

TATT stock opened at $33.29 on Friday. The stock has a 50-day moving average price of $43.72 and a two-hundred day moving average price of $45.09. TAT Technologies Ltd. has a 1 year low of $25.52 and a 1 year high of $64.50. The stock has a market cap of $432.10 million, a PE ratio of 24.30 and a beta of 0.96. The company has a current ratio of 4.89, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings results on Wednesday, March 18th. The aerospace company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $46.53 million during the quarter, compared to the consensus estimate of $48.04 million. TAT Technologies had a net margin of 9.45% and a return on equity of 10.69%. Equities analysts forecast that TAT Technologies Ltd. will post 1.46 EPS for the current fiscal year.

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.