TAT Technologies (NASDAQ:TATT) Insider Paul Maness Sells 5,000 Shares

TAT Technologies Ltd. (NASDAQ:TATT) insider Paul Maness sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total transaction of $227,050.00. Following the transaction, the insider owned 5,000 shares of the company’s stock, valued at $227,050. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TAT Technologies Trading Down 6.7%

Shares of TAT Technologies stock opened at $43.65 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.69 and a quick ratio of 2.46. The business has a 50 day moving average price of $39.71 and a 200 day moving average price of $45.37. The company has a market capitalization of $566.58 million, a P/E ratio of 33.84 and a beta of 1.00. TAT Technologies Ltd. has a 1 year low of $26.12 and a 1 year high of $64.50.

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

Institutional Investors Weigh In On TAT Technologies

Large investors have recently made changes to their positions in the company. Greenline Wealth Management LLC acquired a new stake in TAT Technologies in the 4th quarter valued at approximately $41,000. Royal Bank of Canada grew its position in TAT Technologies by 978.8% in the fourth 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 last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of TAT Technologies during the third quarter worth $53,000. Quantbot Technologies LP acquired a new stake in TAT Technologies during the 3rd quarter worth about $121,000. Finally, Osaic Holdings Inc. raised its holdings in shares of TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after acquiring an additional 4,474 shares during the period. Institutional investors and hedge funds own 15.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TATT shares. Benchmark lifted 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. B. Riley Financial started coverage on TAT Technologies in a report on Wednesday, April 8th. They issued a “buy” rating and a $61.00 price target for the company. Stifel Nicolaus lifted their price objective on shares of TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Truist Financial raised shares of TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, 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.