Wasatch Advisors LP Has $37.07 Million Stock Position in TAT Technologies Ltd. $TATT

Wasatch Advisors LP grew its holdings in TAT Technologies Ltd. (NASDAQ:TATT) by 35.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 768,702 shares of the aerospace company’s stock after acquiring an additional 199,622 shares during the quarter. Wasatch Advisors LP owned 5.92% of TAT Technologies worth $37,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Oak Ridge Investments LLC bought a new stake in TAT Technologies in the 4th quarter valued at about $1,160,000. Next Century Growth Investors LLC bought a new position in shares of TAT Technologies during the fourth quarter worth approximately $5,902,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings 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 purchasing an additional 185,574 shares during the period. Calamos Advisors LLC raised its position in shares of TAT Technologies by 288.9% in the fourth quarter. Calamos Advisors LLC now owns 94,695 shares of the aerospace company’s stock valued at $4,229,000 after buying an additional 70,345 shares in the last quarter. Finally, Tower View Wealth Management LLC acquired a new stake in shares of TAT Technologies in the fourth quarter valued at approximately $1,568,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings cut TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Truist Financial raised TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. Benchmark reiterated a “buy” rating on shares of TAT Technologies in a research report on Wednesday, July 15th. B. Riley Financial increased their target price on TAT Technologies from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, William Blair restated a “hold” rating on shares of TAT Technologies in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.86.

TAT Technologies Stock Performance

NASDAQ TATT opened at $37.74 on Wednesday. The company has a current ratio of 4.83, a quick ratio of 2.61 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $490.62 million, a price-to-earnings ratio of 23.59 and a beta of 1.00. The firm’s 50 day simple moving average is $43.18 and its 200 day simple moving average is $44.69. TAT Technologies Ltd. has a 1 year low of $30.35 and a 1 year high of $64.50.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings data on Wednesday, August 5th. The aerospace company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. The business had revenue of $52.94 million during the quarter, compared to the consensus estimate of $44.86 million. As a group, research analysts expect that TAT Technologies Ltd. will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling at TAT Technologies

In other news, insider Paul Maness sold 5,000 shares of the business’s stock in a transaction on 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 owned 5,000 shares of the company’s stock, valued at approximately $227,050. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $39.22, for a total value of $122,562.50. Following the sale, the chief operating officer 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 SEC filing for this sale provides additional information. Company insiders own 8.75% of the company’s stock.

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.