CenterBook Partners LP Invests $252,000 in TAT Technologies Ltd. (NASDAQ:TATT)

CenterBook Partners LP bought a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,187 shares of the aerospace company's stock, valued at approximately $252,000. CenterBook Partners LP owned about 0.08% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in TAT Technologies by 142.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock worth $1,019,000 after acquiring an additional 22,987 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock worth $4,861,000 after acquiring an additional 11,799 shares in the last quarter. Jane Street Group LLC acquired a new stake in TAT Technologies in the fourth quarter worth about $368,000. Wasatch Advisors LP acquired a new stake in TAT Technologies in the fourth quarter worth about $4,349,000. Finally, Marshall Wace LLP acquired a new stake in TAT Technologies in the fourth quarter worth about $444,000. 15.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded TAT Technologies from a "hold" rating to a "buy" rating in a research note on Friday. Benchmark lifted their price target on TAT Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Lake Street Capital began coverage on TAT Technologies in a research report on Wednesday, June 18th. They set a "buy" rating and a $37.00 price target for the company. Finally, Truist Financial began coverage on TAT Technologies in a research report on Wednesday, June 4th. They set a "buy" rating and a $35.00 price target for the company.

TAT Technologies Stock Performance

Shares of TATT stock traded down $0.53 during midday trading on Tuesday, hitting $31.02. The company had a trading volume of 30,618 shares, compared to its average volume of 84,529. The company's 50 day simple moving average is $29.52 and its 200 day simple moving average is $28.36. TAT Technologies Ltd. has a 52-week low of $12.61 and a 52-week high of $36.49. The stock has a market cap of $389.55 million, a price-to-earnings ratio of 26.51 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.87 and a quick ratio of 1.12.

TAT Technologies (NASDAQ:TATT - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The aerospace company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $42.14 million during the quarter, compared to analysts' expectations of $41.70 million. TAT Technologies had a return on equity of 11.90% and a net margin of 8.04%.

About TAT Technologies

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.