Goldman Sachs Group Inc. Takes Position in TAT Technologies Ltd. $TATT

Key Points

• Goldman Sachs Group Inc. acquired a new stake of 7,537 shares in TAT Technologies Ltd. valued at approximately $207,000, representing about 0.06% ownership in the company.
• TAT Technologies reported earnings of $0.30 per share for the latest quarter, exceeding analysts' expectations with a revenue of $43.10 million.
• Multiple research analysts have upgraded TAT Technologies' stock ratings, with Zacks Research and Wall Street Zen both issuing a "strong-buy" and "buy" rating respectively.

Goldman Sachs Group Inc. purchased a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,537 shares of the aerospace company's stock, valued at approximately $207,000. Goldman Sachs Group Inc. owned about 0.06% of TAT Technologies at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Virtus Advisers LLC bought a new stake in shares of TAT Technologies during the first quarter valued at approximately $45,000. Catalyst Capital Advisors LLC acquired a new position in shares of TAT Technologies during the first quarter valued at approximately $63,000. Walleye Capital LLC acquired a new position in shares of TAT Technologies during the first quarter valued at approximately $228,000. CenterBook Partners LP acquired a new position in shares of TAT Technologies during the first quarter valued at approximately $252,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of TAT Technologies during the first quarter valued at approximately $273,000. Institutional investors own 15.13% of the company's stock.

TAT Technologies Trading Up 0.5%

TAT Technologies stock opened at $40.02 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.42 and a current ratio of 4.67. The firm has a market cap of $502.65 million, a price-to-earnings ratio of 32.80 and a beta of 0.78. TAT Technologies Ltd. has a 1 year low of $16.25 and a 1 year high of $42.99. The firm's 50 day moving average price is $36.45 and its two-hundred day moving average price is $31.42.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $43.10 million for the quarter, compared to analyst estimates of $43.85 million. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%.

Analyst Upgrades and Downgrades

TATT has been the topic of a number of research analyst reports. Zacks Research upgraded shares of TAT Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Wall Street Zen upgraded shares of TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, August 17th. Benchmark raised their price objective on shares of TAT Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Stifel Nicolaus initiated coverage on shares of TAT Technologies in a research note on Tuesday, September 16th. They set a "buy" rating and a $44.00 price objective on the stock. Finally, Lake Street Capital started coverage on shares of TAT Technologies in a research note on Wednesday, June 18th. They set a "buy" rating and a $37.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $38.00.

TAT Technologies Profile

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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