TAT Technologies Ltd. $TATT Position Increased by Apis Capital Advisors LLC

Apis Capital Advisors LLC raised its holdings in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,496 shares of the aerospace company’s stock after purchasing an additional 11,496 shares during the period. TAT Technologies comprises about 1.0% of Apis Capital Advisors LLC’s portfolio, making the stock its 27th largest holding. Apis Capital Advisors LLC’s holdings in TAT Technologies were worth $5,649,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its stake in TAT Technologies by 5.5% during the third quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock valued at $36,291,000 after purchasing an additional 43,022 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of TAT Technologies by 92.1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock worth $17,283,000 after acquiring an additional 185,574 shares during the last quarter. Penn Capital Management Company LLC grew its position in shares of TAT Technologies by 1,063.4% during the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock worth $15,768,000 after acquiring an additional 327,015 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of TAT Technologies by 71.2% during the fourth quarter. Russell Investments Group Ltd. now owns 258,153 shares of the aerospace company’s stock worth $11,529,000 after acquiring an additional 107,353 shares during the last quarter. Finally, Roubaix Capital LLC grew its position in shares of TAT Technologies by 6.6% during the third quarter. Roubaix Capital LLC now owns 250,141 shares of the aerospace company’s stock worth $11,014,000 after acquiring an additional 15,477 shares during the last quarter. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Price Performance

Shares of NASDAQ TATT opened at $45.15 on Thursday. TAT Technologies Ltd. has a twelve month low of $25.58 and a twelve month high of $64.50. The company has a current ratio of 4.69, a quick ratio of 2.46 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $586.05 million, a price-to-earnings ratio of 35.00 and a beta of 1.00. The firm has a 50-day moving average of $39.46 and a two-hundred day moving average of $45.23.

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

Insider Buying and Selling

In other TAT Technologies news, COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total transaction of $122,562.50. Following the completion of the sale, the chief operating officer directly owned 3,125 shares of the company’s stock, valued at approximately $122,562.50. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. B. Riley Financial assumed coverage on shares of TAT Technologies in a research report on Wednesday, April 8th. They set a “buy” rating and a $61.00 price target for the company. Truist Financial upgraded shares of TAT Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Benchmark upped their price target on shares of TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Zacks Research upgraded shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Three investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.