CenterBook Partners LP acquired a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,187 shares of the aerospace company's stock, valued at approximately $252,000. CenterBook Partners LP owned approximately 0.08% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in shares of TAT Technologies by 142.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock valued at $1,019,000 after buying an additional 22,987 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of TAT Technologies by 6.6% in the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after buying an additional 11,799 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of TAT Technologies in the 4th quarter valued at $368,000. Wasatch Advisors LP bought a new stake in shares of TAT Technologies in the 4th quarter valued at $4,349,000. Finally, Marshall Wace LLP bought a new stake in shares of TAT Technologies in the 4th quarter valued at $444,000. Institutional investors and hedge funds own 15.13% of the company's stock.
TAT Technologies Price Performance
Shares of NASDAQ TATT traded up $0.35 during midday trading on Friday, reaching $31.18. 57,420 shares of the company were exchanged, compared to its average volume of 84,091. The stock's 50-day moving average price is $29.52 and its 200-day moving average price is $28.34. The stock has a market cap of $391.62 million, a P/E ratio of 26.65 and a beta of 0.72. TAT Technologies Ltd. has a one year low of $12.61 and a one year high of $36.49. The company has a quick ratio of 1.12, a current ratio of 2.87 and a debt-to-equity ratio of 0.09.
TAT Technologies (NASDAQ:TATT - Get Free Report) last released its earnings results on Monday, May 19th. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $42.14 million for the quarter, compared to analyst estimates of $41.70 million. TAT Technologies had a net margin of 8.04% and a return on equity of 11.90%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Benchmark increased their target price on TAT Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Wall Street Zen upgraded TAT Technologies from a "hold" rating to a "buy" rating in a report on Friday. Truist Financial started coverage on TAT Technologies in a report on Wednesday, June 4th. They issued a "buy" rating and a $35.00 price objective for the company. Finally, Lake Street Capital started coverage on shares of TAT Technologies in a research note on Wednesday, June 18th. They issued a "buy" rating and a $37.00 target price for the company.
Read Our Latest Research Report on TATT
TAT Technologies Company Profile
(
Free Report)
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.
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