Next Century Growth Investors LLC Buys Shares of 132,154 TAT Technologies Ltd. $TATT

Next Century Growth Investors LLC bought a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 132,154 shares of the aerospace company’s stock, valued at approximately $5,902,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Greenline Wealth Management LLC purchased a new stake in TAT Technologies during the fourth quarter valued at approximately $41,000. PNC Financial Services Group Inc. purchased a new stake in TAT Technologies during the third quarter valued at approximately $53,000. Quantbot Technologies LP purchased a new stake in TAT Technologies during the third quarter valued at approximately $121,000. Axxcess Wealth Management LLC purchased a new stake in TAT Technologies during the third quarter valued at approximately $225,000. Finally, Osaic Holdings Inc. increased its holdings in TAT Technologies by 470.9% during the second 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 last quarter. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Stock Performance

TATT opened at $45.15 on Monday. The firm has a market cap of $586.05 million, a P/E ratio of 35.00 and a beta of 1.00. TAT Technologies Ltd. has a 1-year low of $25.52 and a 1-year high of $64.50. The company has a 50 day simple moving average of $39.18 and a two-hundred day simple moving average of $45.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.69 and a quick ratio of 2.46.

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

Insider Buying and Selling at TAT Technologies

In other TAT Technologies news, COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 in the company, valued at $122,562.50. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TATT has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a report on Friday, March 20th. Weiss Ratings cut shares of TAT Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 8th. 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. Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Truist Financial upgraded shares of TAT Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently 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.