TAT Technologies Ltd. (NASDAQ:TATT – Get Free Report) shares saw an uptick in trading volume on Thursday . 205,082 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 184,400 shares.The stock last traded at $45.0920 and had previously closed at $42.82.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on TATT. Truist Financial upgraded TAT Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings cut TAT Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. B. Riley Financial assumed coverage on TAT Technologies in a research report on Wednesday, April 8th. They set a “buy” rating and a $61.00 target price on the stock. Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Benchmark boosted their target price on TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TAT Technologies currently has a consensus rating of “Buy” and an average price target of $57.29.
Check Out Our Latest Report on TAT Technologies
TAT Technologies Price Performance
TAT Technologies (NASDAQ:TATT – Get Free Report) last released its earnings results on Thursday, May 21st. The aerospace company reported $0.26 earnings per share (EPS) 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 analysts’ expectations of $40.25 million. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%. As a group, research analysts predict that TAT Technologies Ltd. will post 1.52 earnings per share for the current year.
Insider Buying and Selling at TAT Technologies
In related news, 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 value of $122,562.50. Following the sale, the chief operating officer owned 3,125 shares in the company, valued at $122,562.50. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.75% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On TAT Technologies
Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in TAT Technologies in the 1st quarter valued at about $207,000. Jane Street Group LLC grew its stake in TAT Technologies by 125.8% in the 1st quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock valued at $889,000 after acquiring an additional 18,020 shares during the last quarter. JPMorgan Chase & Co. grew its stake in TAT Technologies by 470.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 69,618 shares of the aerospace company’s stock valued at $2,126,000 after acquiring an additional 57,412 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in TAT Technologies by 70.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,984 shares of the aerospace company’s stock valued at $2,316,000 after acquiring an additional 31,104 shares during the last quarter. Finally, Walleye Capital LLC grew its stake in TAT Technologies by 49.1% in the 2nd quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company’s stock valued at $377,000 after acquiring an additional 4,062 shares during the last quarter. Institutional investors and hedge funds own 15.13% 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.
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