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

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 stock was sold at an average price of $39.22, for a total transaction of $122,562.50. Following the completion of the transaction, the chief operating officer owned 3,125 shares of the company’s stock, valued at approximately $122,562.50. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

TAT Technologies Stock Performance

TATT opened at $41.83 on Friday. The firm has a market cap of $542.95 million, a P/E ratio of 32.43 and a beta of 0.96. TAT Technologies Ltd. has a 1-year low of $25.52 and a 1-year high of $64.50. The company has a 50 day simple moving average of $39.50 and a two-hundred day simple moving average of $44.78. 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 posted its quarterly earnings results on Wednesday, May 20th. The aerospace company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $41.15 million during 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%. Equities analysts forecast that TAT Technologies Ltd. will post 1.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Lake Street Capital reiterated a “buy” rating and issued a $59.00 price target on shares of TAT Technologies in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Truist Financial raised shares of TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. Stifel Nicolaus boosted their target price on shares of TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Benchmark boosted their target price on shares of TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $57.29.

Hedge Funds Weigh In On TAT Technologies

Several hedge funds have recently modified their holdings of TATT. Wasatch Advisors LP lifted its holdings in shares of TAT Technologies by 143.0% in the second quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company’s stock worth $23,858,000 after buying an additional 459,693 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings in shares of TAT Technologies by 1,063.4% in the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock worth $15,768,000 after buying an additional 327,015 shares in the last quarter. New York State Common Retirement Fund purchased a new position in shares of TAT Technologies in the third quarter worth $10,150,000. Stephens Investment Management Group LLC purchased a new stake in TAT Technologies during the first quarter valued at $7,733,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in TAT Technologies by 92.1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock valued at $17,283,000 after purchasing an additional 185,574 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.