Phoenix Financial Ltd. Has $11.12 Million Holdings in TAT Technologies Ltd. $TATT

Phoenix Financial Ltd. cut its holdings in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,906 shares of the aerospace company’s stock after selling 117,500 shares during the period. Phoenix Financial Ltd. owned about 1.98% of TAT Technologies worth $11,116,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TATT. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies during the third quarter worth $53,000. Morgan Dempsey Capital Management LLC lifted its position in TAT Technologies by 17.2% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock worth $372,000 after buying an additional 1,249 shares in the last quarter. Huntleigh Advisors Inc. lifted its position in TAT Technologies by 3.7% during the 3rd quarter. Huntleigh Advisors Inc. now owns 38,101 shares of the aerospace company’s stock worth $1,678,000 after buying an additional 1,345 shares in the last quarter. GSA Capital Partners LLP grew its holdings in TAT Technologies by 14.6% during the 3rd quarter. GSA Capital Partners LLP now owns 11,854 shares of the aerospace company’s stock worth $522,000 after acquiring an additional 1,511 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in TAT Technologies in the 3rd quarter valued at about $121,000. 15.13% of the stock is owned by institutional investors and hedge funds.

TAT Technologies Trading Down 0.4%

Shares of NASDAQ TATT opened at $33.29 on Friday. The company’s 50 day simple moving average is $43.72 and its 200 day simple moving average is $45.09. TAT Technologies Ltd. has a fifty-two week low of $25.52 and a fifty-two week high of $64.50. The firm has a market capitalization of $432.10 million, a P/E ratio of 24.30 and a beta of 0.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.89 and a quick ratio of 2.67.

TAT Technologies (NASDAQ:TATT) last released its earnings results on Wednesday, March 18th. The aerospace company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $46.53 million for the quarter, compared to analyst estimates of $48.04 million. TAT Technologies had a return on equity of 10.69% and a net margin of 9.45%. On average, analysts predict that TAT Technologies Ltd. will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Freedom Capital raised shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings cut shares of TAT Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. B. Riley Financial began coverage on TAT Technologies in a report on Wednesday, April 8th. They set a “buy” rating and a $61.00 price objective on the stock. Finally, Zacks Research cut TAT Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TAT Technologies has an average rating of “Buy” and a consensus 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.