Illumine Investment Management LLC Invests $825,000 in TAT Technologies Ltd. $TATT

Illumine Investment Management LLC bought a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,312 shares of the aerospace company’s stock, valued at approximately $825,000. Illumine Investment Management LLC owned approximately 0.16% of TAT Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Meitav Investment House Ltd. lifted its holdings in TAT Technologies by 0.3% in the first quarter. Meitav Investment House Ltd. now owns 1,211,860 shares of the aerospace company’s stock worth $47,989,000 after buying an additional 3,122 shares during the period. Wasatch Advisors LP grew its holdings in shares of TAT Technologies by 5.5% during the 3rd quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after acquiring an additional 43,022 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of TAT Technologies by 92.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock worth $17,283,000 after acquiring an additional 185,574 shares in the last quarter. Penn Capital Management Company LLC raised its position in shares of 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 worth $15,768,000 after acquiring an additional 327,015 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of TAT Technologies by 71.2% in the 4th quarter. Russell Investments Group Ltd. now owns 258,153 shares of the aerospace company’s stock valued at $11,529,000 after purchasing an additional 107,353 shares during the period. Hedge funds and other institutional investors own 15.13% of the company’s stock.

TAT Technologies Stock Performance

Shares of TATT opened at $42.33 on Tuesday. The company has a quick ratio of 2.46, a current ratio of 4.69 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average price is $41.57 and its 200-day moving average price is $45.94. TAT Technologies Ltd. has a 52 week low of $29.30 and a 52 week high of $64.50. The stock has a market cap of $549.44 million, a P/E ratio of 32.81 and a beta of 0.98.

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 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%. Equities research analysts anticipate that TAT Technologies Ltd. will post 1.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. B. Riley Financial started coverage on TAT Technologies in a research report on Wednesday, April 8th. They set a “buy” rating and a $61.00 price target on the stock. Weiss Ratings lowered TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Zacks Research upgraded shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, May 22nd. Stifel Nicolaus boosted 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. Finally, Truist Financial raised 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, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TAT Technologies presently has a consensus rating of “Buy” and an average price target of $57.29.

Insider Buying and Selling at TAT Technologies

In other news, COO Jason Lewandowski sold 3,125 shares of the 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul Maness sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total value of $227,050.00. Following the transaction, the insider owned 5,000 shares of the company’s stock, valued at $227,050. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 8.75% of the company’s stock.

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.