TAT Technologies (NASDAQ:TATT) Insider Sells $227,050.00 in Stock

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

TAT Technologies Stock Down 1.9%

Shares of NASDAQ TATT opened at $42.54 on Thursday. The company has a current ratio of 4.69, a quick ratio of 2.46 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $552.17 million, a PE ratio of 32.98 and a beta of 1.00. The stock’s fifty day simple moving average is $39.62 and its two-hundred day simple moving average is $45.41. TAT Technologies Ltd. has a 12-month low of $28.00 and a 12-month high of $64.50.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.19 by $0.07. The firm had revenue of $41.15 million during the quarter, compared to analyst estimates 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 fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TATT shares. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Weiss Ratings downgraded shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. B. Riley Financial started coverage on shares of TAT Technologies in a research note on Wednesday, April 8th. They set a “buy” rating and a $61.00 price objective for the company. Stifel Nicolaus increased their target price on shares of TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Benchmark raised their target price on shares of TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Three 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 company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $57.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Morgan Dempsey Capital Management LLC boosted its holdings in TAT Technologies by 10.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 9,393 shares of the aerospace company’s stock worth $382,000 after acquiring an additional 888 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in shares of TAT Technologies during the fourth quarter valued at about $41,000. Royal Bank of Canada increased its holdings in shares of TAT Technologies by 978.8% during the fourth quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock valued at $50,000 after acquiring an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of TAT Technologies in the 3rd quarter valued at approximately $53,000. Finally, Fred Alger Management LLC raised its position in shares of TAT Technologies by 12.4% in the 4th quarter. Fred Alger Management LLC now owns 11,640 shares of the aerospace company’s stock valued at $520,000 after purchasing an additional 1,280 shares during the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

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.