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

TAT Technologies Ltd. (NASDAQ:TATT) COO Jason Lewandowski sold 3,125 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $39.22, for a total value 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 $122,562.50. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

TAT Technologies Trading Up 3.5%

NASDAQ:TATT opened at $43.31 on Friday. The stock has a fifty day moving average price of $39.23 and a two-hundred day moving average price of $44.77. The stock has a market capitalization of $562.16 million, a price-to-earnings ratio of 33.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.46 and a current ratio of 4.69. TAT Technologies Ltd. has a 1 year low of $25.52 and a 1 year high of $64.50.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, May 20th. The aerospace company reported $0.26 earnings per share (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 analysts’ expectations of $40.25 million. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%. As a group, sell-side analysts anticipate that TAT Technologies Ltd. will post 1.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TATT shares. Wall Street Zen lowered TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Stifel Nicolaus increased their price objective on TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Weiss Ratings lowered TAT Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd. Finally, Truist Financial raised TAT Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $57.29.

Institutional Trading of TAT Technologies

Hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund purchased a new position in shares of TAT Technologies in the 3rd quarter worth about $10,150,000. Oak Ridge Investments LLC purchased a new position in shares of TAT Technologies in the 4th quarter worth about $1,160,000. Migdal Insurance & Financial Holdings Ltd. raised 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 worth $17,283,000 after purchasing an additional 185,574 shares during the period. Principal Financial Group Inc. raised its holdings in shares of TAT Technologies by 49.0% in the 3rd quarter. Principal Financial Group Inc. now owns 39,553 shares of the aerospace company’s stock worth $1,742,000 after purchasing an additional 13,013 shares during the period. Finally, Calamos Advisors LLC raised its holdings in shares of TAT Technologies by 288.9% in the 4th 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 during the period. 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.