TAT Technologies Ltd. $TATT Shares Purchased by Apis Capital Advisors LLC

Apis Capital Advisors LLC lifted its stake in TAT Technologies Ltd. (NASDAQ:TATT) by 10.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 126,496 shares of the aerospace company’s stock after acquiring an additional 11,496 shares during the quarter. TAT Technologies accounts for 1.0% of Apis Capital Advisors LLC’s investment portfolio, making the stock its 27th largest position. Apis Capital Advisors LLC owned 1.01% of TAT Technologies worth $5,649,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TATT. Greenline Wealth Management LLC purchased a new stake in TAT Technologies during the 4th quarter worth approximately $41,000. Royal Bank of Canada increased its stake in TAT Technologies by 978.8% during the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock worth $50,000 after buying an additional 1,018 shares during the period. PNC Financial Services Group Inc. purchased a new stake in TAT Technologies during the 3rd quarter worth approximately $53,000. Quantbot Technologies LP purchased a new stake in TAT Technologies during the 3rd quarter worth approximately $121,000. Finally, Axxcess Wealth Management LLC purchased a new stake in TAT Technologies during the 3rd quarter worth approximately $225,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

TAT Technologies Stock Up 5.0%

TATT stock opened at $45.15 on Thursday. TAT Technologies Ltd. has a one year low of $25.58 and a one year high of $64.50. The stock has a market capitalization of $586.05 million, a PE ratio of 35.00 and a beta of 1.00. 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 fifty day moving average of $39.46 and a 200-day moving average of $45.23.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.26 EPS for the quarter, beating 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 net margin of 9.27% and a return on equity of 9.47%. As a group, analysts expect that TAT Technologies Ltd. will post 1.52 EPS for the current year.

Insider Transactions at TAT Technologies

In other news, COO Jason Lewandowski sold 3,125 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total transaction of $122,562.50. Following the transaction, the chief operating officer directly 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 SEC, which is available at this hyperlink. 8.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial raised shares of TAT Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Benchmark increased their price objective on shares of TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. B. Riley Financial initiated coverage on shares of TAT Technologies in a research report on Wednesday, April 8th. They issued a “buy” rating and a $61.00 price objective on the stock. Finally, Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, TAT Technologies has an average rating of “Buy” and an average price target of $57.29.

TAT Technologies Company Profile

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.