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

Key Points

• Y.D. More Investments trimmed its stake in TAT Technologies by 5.3%, selling 50,618 shares to hold 900,147 shares (equivalent to a 7.17% ownership of TAT) worth about $40.39 million.
• Other institutions materially increased exposure—Wasatch Advisors added 459,693 shares (+143%) to 781,216 and Penn Capital raised its holding 1,063% to 357,768 shares—leaving roughly 15.13% of the stock owned by hedge funds and institutional investors.
• Analyst view and recent results: the consensus rating is "Buy" with an average target of $56.67 (Benchmark raised its target to $66), but TAT missed the quarter with EPS $0.36 vs. $0.39 expected and revenue $46.53M vs. $48.04M expected.

Y.D. More Investments Ltd lowered its stake in TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 900,147 shares of the aerospace company's stock after selling 50,618 shares during the quarter. TAT Technologies accounts for about 1.9% of Y.D. More Investments Ltd's portfolio, making the stock its 12th biggest holding. Y.D. More Investments Ltd owned 7.17% of TAT Technologies worth $40,385,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of TATT. Wasatch Advisors LP increased its position in shares of TAT Technologies by 143.0% during the second quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company's stock worth $23,858,000 after purchasing an additional 459,693 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings in TAT Technologies by 1,063.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company's stock valued at $15,768,000 after purchasing an additional 327,015 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in TAT Technologies during the 3rd quarter worth $10,150,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of TAT Technologies during the third quarter worth $8,869,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of TAT Technologies during the second quarter worth $4,119,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TATT shares. Benchmark raised their price target on shares of TAT Technologies from $58.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, March 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TAT Technologies in a research note on Friday, March 27th. Lake Street Capital reiterated a "buy" rating and issued a $59.00 price objective on shares of TAT Technologies in a report on Wednesday, February 4th. Zacks Research raised shares of TAT Technologies from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Finally, Wall Street Zen cut TAT Technologies from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $56.67.

TAT Technologies Stock Performance

TATT opened at $40.13 on Monday. The stock has a market capitalization of $520.89 million, a PE ratio of 29.29 and a beta of 1.11. TAT Technologies Ltd. has a one year low of $23.96 and a one year high of $64.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 4.89. The business's 50 day moving average price is $51.08 and its 200 day moving average price is $45.76.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its earnings results on Wednesday, March 18th. The aerospace company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.03). The business had revenue of $46.53 million during the quarter, compared to analysts' expectations of $48.04 million. TAT Technologies had a net margin of 9.45% and a return on equity of 10.69%.

TAT Technologies 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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