Migdal Insurance & Financial Holdings Ltd. Takes $8.87 Million Position in TAT Technologies Ltd. $TATT

Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 201,422 shares of the aerospace company’s stock, valued at approximately $8,869,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its holdings in TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 4,474 shares in the last quarter. GWN Securities Inc. purchased a new position in shares of TAT Technologies during the third quarter valued at approximately $202,000. Goldman Sachs Group Inc. purchased a new position in shares of TAT Technologies during the first quarter valued at approximately $207,000. Morgan Dempsey Capital Management LLC boosted its position in TAT Technologies by 72.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new stake in TAT Technologies in the 2nd quarter worth approximately $228,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Stock Down 0.2%

Shares of NASDAQ:TATT opened at $52.30 on Wednesday. The stock has a 50-day simple moving average of $43.30 and a 200-day simple moving average of $39.63. The stock has a market capitalization of $656.89 million, a P/E ratio of 39.32 and a beta of 0.89. TAT Technologies Ltd. has a 1 year low of $23.37 and a 1 year high of $53.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings results on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). TAT Technologies had a net margin of 9.08% and a return on equity of 11.10%. The business had revenue of $46.24 million during the quarter, compared to analysts’ expectations of $46.27 million.

Wall Street Analyst Weigh In

TATT has been the topic of a number of recent analyst reports. Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Wall Street Zen cut TAT Technologies from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Jones Trading began coverage on shares of TAT Technologies in a research note on Friday, October 10th. They set a “buy” rating and a $50.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Finally, Truist Financial lowered their target price on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $51.33.

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.