Key Points
- COO Jason Lewandowski sold 3,125 shares of TAT Technologies on May 26 at an average price of $39.22, totaling about $122,562.50. After the sale, he still owned 3,125 shares, representing a 50% reduction in his position.
- TAT Technologies reported better-than-expected quarterly results, posting EPS of $0.26 versus the $0.19 consensus and revenue of $41.15 million versus the $40.25 million estimate. The company also showed a net margin of 9.27% and return on equity of 9.47%.
- Analysts remain broadly bullish on TATT, with a consensus rating of “Buy” and an average target price of $57.29. Several firms recently raised targets or issued positive ratings, while institutional investors have also increased holdings in the stock.
TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) COO Jason Lewandowski sold 3,125 shares of the company'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 sale, the chief operating officer directly owned 3,125 shares in the company, valued at approximately $122,562.50. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
TAT Technologies Price Performance
TAT Technologies stock opened at $41.83 on Friday. The company has a market cap of $542.95 million, a price-to-earnings ratio of 32.43 and a beta of 0.96. The firm's fifty day moving average is $39.50 and its 200 day moving average is $44.78. The company has a quick ratio of 2.46, a current ratio of 4.69 and a debt-to-equity ratio of 0.05. TAT Technologies Ltd. has a 52-week low of $25.52 and a 52-week high of $64.50.
TAT Technologies (NASDAQ:TATT - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.07. The company had revenue of $41.15 million for the quarter, compared to the consensus estimate of $40.25 million. TAT Technologies had a net margin of 9.27% and a return on equity of 9.47%. Sell-side analysts forecast that TAT Technologies Ltd. will post 1.52 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
TATT has been the topic of a number of recent research reports. Stifel Nicolaus upped their price target 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 upgraded shares of TAT Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, May 22nd. Truist Financial upgraded shares of TAT Technologies to a "strong-buy" rating in a research report on Friday, May 1st. Benchmark boosted 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. Finally, Lake Street Capital reiterated a "buy" rating and set a $59.00 price objective on shares of TAT Technologies in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, TAT Technologies currently has a consensus rating of "Buy" and a consensus target price of $57.29.
Get Our Latest Stock Analysis on TAT Technologies
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of TATT. Goldman Sachs Group Inc. bought a new position in TAT Technologies during the first quarter valued at $207,000. Jane Street Group LLC increased its position in TAT Technologies by 125.8% during the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company's stock valued at $889,000 after acquiring an additional 18,020 shares during the last quarter. JPMorgan Chase & Co. increased its position in TAT Technologies by 470.4% during the second quarter. JPMorgan Chase & Co. now owns 69,618 shares of the aerospace company's stock valued at $2,126,000 after acquiring an additional 57,412 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of TAT Technologies by 70.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 74,984 shares of the aerospace company's stock worth $2,316,000 after purchasing an additional 31,104 shares during the last quarter. Finally, Walleye Capital LLC grew its holdings in shares of TAT Technologies by 49.1% in the second quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company's stock worth $377,000 after purchasing an additional 4,062 shares during the last quarter. Institutional investors own 15.13% of the company's stock.
About TAT Technologies
(
Get Free Report)
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.
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