Stephens Investment Management Group LLC Invests $7.73 Million in TAT Technologies Ltd. $TATT

Stephens Investment Management Group LLC acquired a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 190,332 shares of the aerospace company’s stock, valued at approximately $7,733,000. Stephens Investment Management Group LLC owned 1.47% of TAT Technologies at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Greenline Wealth Management LLC bought a new stake in TAT Technologies during the fourth quarter valued at about $41,000. Royal Bank of Canada lifted its position in shares of TAT Technologies by 978.8% during the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock valued at $50,000 after buying an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of TAT Technologies during the 3rd quarter valued at approximately $53,000. Quantbot Technologies LP purchased a new stake in TAT Technologies in the 3rd quarter worth approximately $121,000. Finally, Osaic Holdings Inc. increased its holdings in TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 4,474 shares in the last quarter. 15.13% of the stock is owned by institutional investors.

Insider Activity

In other TAT Technologies news, COO Jason Lewandowski sold 3,125 shares of TAT Technologies stock in a transaction that occurred 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 sale, 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 legal filing with the SEC, which is available through the SEC website. Also, insider Paul Maness sold 5,000 shares of the company’s stock in a transaction that occurred 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 directly owned 5,000 shares in the company, valued at $227,050. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 8.75% of the company’s stock.

TAT Technologies Price Performance

TATT stock opened at $47.60 on Monday. TAT Technologies Ltd. has a one year low of $29.30 and a one year high of $64.50. The company’s fifty day moving average price is $40.60 and its 200-day moving average price is $45.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.46 and a current ratio of 4.69. The company has a market capitalization of $617.85 million, a PE ratio of 36.90 and a beta of 0.98.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. TAT Technologies had a net margin of 9.27% and a return on equity of 9.47%. The company had revenue of $41.15 million for the quarter, compared to the consensus estimate of $40.25 million. On average, equities analysts anticipate that TAT Technologies Ltd. will post 1.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TATT. Weiss Ratings downgraded shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Truist Financial upgraded shares of TAT Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, May 22nd. Stifel Nicolaus increased their price target on TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, Benchmark raised their price target on TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.