TAT Technologies Ltd. $TATT Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd reduced its stake in TAT Technologies Ltd. (NASDAQ:TATT) by 10.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 810,001 shares of the aerospace company’s stock after selling 90,146 shares during the quarter. TAT Technologies accounts for 1.2% of Y.D. More Investments Ltd’s portfolio, making the stock its 16th largest position. Y.D. More Investments Ltd owned approximately 0.06% of TAT Technologies worth $32,054,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TATT. Greenline Wealth Management LLC acquired a new stake in TAT Technologies in the 4th quarter valued at approximately $41,000. Royal Bank of Canada boosted its position in shares of TAT Technologies by 978.8% during 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 period. PNC Financial Services Group Inc. acquired a new stake in shares of TAT Technologies in the third quarter valued at $53,000. Quantbot Technologies LP acquired a new stake in shares of TAT Technologies in the third quarter valued at $121,000. Finally, Osaic Holdings Inc. raised its holdings in shares of TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after buying an additional 4,474 shares during the period. Institutional investors and hedge funds own 15.13% of the company’s stock.

Insider Transactions at TAT Technologies

In other news, insider Paul Maness sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $45.41, for a total transaction of $227,050.00. Following the completion of the transaction, the insider directly owned 5,000 shares of the company’s stock, valued at approximately $227,050. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $39.22, for a total transaction of $122,562.50. Following the sale, the chief operating officer owned 3,125 shares in the company, valued at $122,562.50. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 8.75% of the company’s stock.

TAT Technologies Stock Performance

NASDAQ:TATT opened at $43.28 on Monday. The firm has a market cap of $561.90 million, a PE ratio of 33.55 and a beta of 0.98. The stock has a fifty day moving average price of $41.46 and a 200 day moving average price of $45.95. TAT Technologies Ltd. has a 12-month low of $29.30 and a 12-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.

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, topping the consensus estimate 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 return on equity of 9.47% and a net margin of 9.27%. Sell-side analysts anticipate that TAT Technologies Ltd. will post 1.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TATT has been the topic of several research reports. Truist Financial raised TAT Technologies to a “strong-buy” rating in a research note on Friday, May 1st. B. Riley Financial began coverage on shares of TAT Technologies in a research note on Wednesday, April 8th. They set a “buy” rating and a $61.00 price target on the stock. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Stifel Nicolaus raised 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. Finally, Weiss Ratings cut shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, TAT Technologies has an average rating of “Buy” and a consensus target price of $57.29.

TAT Technologies Company Profile

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.