Huntleigh Advisors Inc. Purchases 21,190 Shares of TAT Technologies Ltd. $TATT

Huntleigh Advisors Inc. increased its position in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 136.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,756 shares of the aerospace company's stock after acquiring an additional 21,190 shares during the quarter. Huntleigh Advisors Inc. owned about 0.29% of TAT Technologies worth $1,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Virtus Advisers LLC bought a new position in TAT Technologies during the 1st quarter worth approximately $45,000. Catalyst Capital Advisors LLC acquired a new position in TAT Technologies in the first quarter valued at about $63,000. Goldman Sachs Group Inc. acquired a new position in TAT Technologies in the first quarter valued at about $207,000. Walleye Capital LLC acquired a new position in TAT Technologies in the first quarter valued at about $228,000. Finally, CenterBook Partners LP acquired a new position in TAT Technologies in the first quarter valued at about $252,000. Institutional investors own 15.13% of the company's stock.

TAT Technologies Stock Down 3.8%

TATT stock opened at $38.86 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.67 and a quick ratio of 2.42. The stock has a market capitalization of $488.08 million, a P/E ratio of 31.85 and a beta of 0.91. The business has a 50-day moving average of $38.89 and a 200-day moving average of $33.03. TAT Technologies Ltd. has a fifty-two week low of $17.71 and a fifty-two week high of $45.40.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial boosted their target price on TAT Technologies from $35.00 to $56.00 and gave the company a "buy" rating in a research note on Wednesday. Weiss Ratings cut TAT Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Jones Trading assumed coverage on TAT Technologies in a research note on Friday, October 10th. They issued a "buy" rating and a $50.00 target price for the company. Wall Street Zen raised TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, August 17th. Finally, Stifel Nicolaus assumed coverage on TAT Technologies in a research note on Tuesday, September 16th. They issued a "buy" rating and a $44.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.60.

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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