Insider Selling: TAT Technologies (NASDAQ:TATT) COO Sells $122,562.50 in Stock

TAT Technologies Ltd. (NASDAQ:TATT) COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TAT Technologies Price Performance

Shares of TATT opened at $43.31 on Friday. TAT Technologies Ltd. has a 12-month low of $25.52 and a 12-month high of $64.50. The business has a 50-day simple moving average of $39.23 and a two-hundred day simple moving average of $44.77. The company has a quick ratio of 2.46, a current ratio of 4.69 and a debt-to-equity ratio of 0.05. The stock has a market cap of $562.16 million, a PE ratio of 33.57 and a beta of 0.96.

TAT Technologies (NASDAQ:TATT) last issued its earnings results on Wednesday, May 20th. The aerospace company reported $0.26 earnings per share (EPS) 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 business had revenue of $41.15 million during the quarter, compared to analysts’ expectations of $40.25 million. Analysts anticipate that TAT Technologies Ltd. will post 1.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TAT Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Dempsey Capital Management LLC boosted its position in shares of TAT Technologies by 10.4% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 9,393 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 888 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in shares of TAT Technologies during the 4th quarter valued at about $41,000. Royal Bank of Canada boosted 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 purchasing an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies during the 3rd quarter valued at about $53,000. Finally, Fred Alger Management LLC boosted its position in shares of TAT Technologies by 12.4% during the 4th quarter. Fred Alger Management LLC now owns 11,640 shares of the aerospace company’s stock valued at $520,000 after purchasing an additional 1,280 shares in the last quarter. Institutional investors own 15.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TATT shares. Wall Street Zen lowered TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Truist Financial upgraded TAT Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Lake Street Capital reiterated a “buy” rating and issued a $59.00 price target on shares of TAT Technologies in a research report on Wednesday, February 4th. Weiss Ratings lowered TAT Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus upped their price target on TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Three equities research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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.