TAT Technologies
TATT on Nasdaq. Aircraft engines & engine parts. Market value $457m.
This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $0.92 of spare cash last year. A savings account pays about $4.
You pay 21.0 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 5 cents a year. Above 10 is good.
Quality score: 58 of 100. Price score: 43 of 100. Our list needs 70 on quality and 60 on price.
$33.49 a share, 6% above its 1-year low
Over the past year the price has ranged from $31.52 to $64.50.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $78m | $85m | $114m | $152m | $178m |
| Operating margin | |||||
| Operating margin | -5.2% | -2.1% | 5.3% | 8.2% | 10.6% |
| Debt to equity | |||||
| Debt to equity | 0.09 | 0.28 | 0.17 | 0.12 | 0.07 |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn | 0.01bn |
Health checks
- Free cash flow positive1 of 5 years
- Accounting looks honest (Beneish)Watch
- Financial strength (Piotroski)6 of 9
- Profit backed by cash (accruals)Yes
- Debt0.07× equity
- Revenue growth, five yearsStrong, 18.8% a year
- Buying back its own sharesNo, 46% more shares since 2021
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 18 March 2026
- Next quarterly (estimated, 10-Q)
- n/a
Who owns it
3 long-term investors we follow own it, up from 1 last quarter. 92 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $10m | <0.1% | New |
| Boston PartnersBoston Partners team | $305,250 | <0.1% | Cut |
| First Manhattan Co.First Manhattan partners | $236,327 | <0.1% | New |
Largest holders overall
- Wasatch Advisors LP$37mAdded
- Y.D. More Investments$34mCut
- BlackRock$33mNew
- Migdal Insurance & Financial Holdings$23m
- Clal Insurance Enterprises Holdings$22m
- Wellington Management Group LLP$21mNew
- Stephens Investment Management Group$17mAdded
- Penn Capital Management Company$17mAdded
- Phoenix Financial$15mAdded
- Royal Bank of Canada$12mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
10 investors own more than 5%.
- MEITAV INVESTMENT HOUSE LTDPassive investorat least 18.5%+1.5 pts(filed with 2 related holders)Since 27 April 2026
- Phoenix Financial Ltd.Passive investorat least 8.8%+1.5 pts(filed with 1 related holder)Since 31 March 2026
- Migdal Insurance & Financial Holdings Ltd.Passive investorat least 7.3%+2.1 pts(filed with 1 related holder)Since 30 June 2026
- BYM More Investments Ltd.Passive investor7.0%−0.9 ptsSince 31 December 2025
- Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTDPassive investorat least 6.3%(filed with 1 related holder)Since 24 August 2026
- Wasatch Advisors LPPassive investor5.9%+1.5 ptsSince 30 June 2026
- Y.D. More Investments Ltd.Passive investorat least 5.4%−1.6 pts(filed with 10 related holders)Since 30 June 2026
- BlackRock, Inc.Passive investor5.2%Since 30 June 2026
- I.B.I. Investments House LtdPassive investorat least 4.8%−0.6 pts(filed with 1 related holder)Since 30 June 2026
- Ishay Davidiat least 3.0%(filed with 4 related holders)Since 3 June 2025
What they said
On May 29, 2025, TAT Technologies Ltd. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership, as selling shareholders (the "Selling Shareholders"), and Stifel,…
Read the filing
| Holder | Stake | Since | |
|---|---|---|---|
MEITAV INVESTMENT HOUSE LTD Passive investor | at least 18.5%+1.5 pts (filed with 2 related holders) | 27 April 2026 | |
Phoenix Financial Ltd. Passive investor | at least 8.8%+1.5 pts (filed with 1 related holder) | 31 March 2026 | |
Migdal Insurance & Financial Holdings Ltd. Passive investor | at least 7.3%+2.1 pts (filed with 1 related holder) | 30 June 2026 | |
BYM More Investments Ltd. Passive investor | 7.0%−0.9 pts | 31 December 2025 | |
Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Passive investor | at least 6.3% (filed with 1 related holder) | 24 August 2026 | |
Wasatch Advisors LP Passive investor | 5.9%+1.5 pts | 30 June 2026 | |
Y.D. More Investments Ltd. Passive investor | at least 5.4%−1.6 pts (filed with 10 related holders) | 30 June 2026 | |
BlackRock, Inc. Passive investor | 5.2% | 30 June 2026 | |
I.B.I. Investments House Ltd Passive investor | at least 4.8%−0.6 pts (filed with 1 related holder) | 30 June 2026 | |
Ishay Davidi | at least 3.0% (filed with 4 related holders) | 3 June 2025 | What they saidOn May 29, 2025, TAT Technologies Ltd. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership, as selling shareholders (the "Selling Shareholders"), and Stifel,… Read the filing |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 1 sold $251,125.
- Lewandowski JasonChief Operating OfficerSold
- Date
- 1 June 2026
- Shares
- 3,125
- Price
- $41.14
- Value
- $128,563
- Lewandowski JasonChief Operating OfficerSold
- Date
- 26 May 2026
- Shares
- 3,125
- Price
- $39.22
- Value
- $122,563
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 June 2026 | Lewandowski Jason Chief Operating Officer | Sold | 3,125 | $41.14 | $128,563 |
| 26 May 2026 | Lewandowski Jason Chief Operating Officer | Sold | 3,125 | $39.22 | $122,563 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.