Legal Advantage Investments Inc. purchased a new stake in TAT Technologies Ltd. (NASDAQ:TATT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 13,000 shares of the aerospace company's stock, valued at approximately $397,000. Legal Advantage Investments Inc. owned about 0.10% of TAT Technologies at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TATT. Meitav Investment House Ltd. increased its stake in TAT Technologies by 61.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 1,454,618 shares of the aerospace company's stock valued at $44,722,000 after buying an additional 555,286 shares during the last quarter. Roubaix Capital LLC acquired a new stake in TAT Technologies in the 1st quarter valued at $5,238,000. ARK Investment Management LLC acquired a new stake in TAT Technologies in the 1st quarter valued at $1,864,000. Valmark Advisers Inc. acquired a new stake in TAT Technologies in the 2nd quarter valued at $653,000. Finally, Jane Street Group LLC increased its stake in TAT Technologies by 125.8% in the 1st quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company's stock valued at $889,000 after buying an additional 18,020 shares during the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Zacks Research raised shares of TAT Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Weiss Ratings lowered shares of TAT Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Stifel Nicolaus assumed 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. Lake Street Capital assumed 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. Finally, Jones Trading assumed coverage on shares of TAT Technologies in a research note on Friday. They set a "buy" rating and a $50.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $40.40.
Read Our Latest Research Report on TATT
TAT Technologies Stock Performance
Shares of TATT stock opened at $41.91 on Friday. The company has a market capitalization of $526.39 million, a price-to-earnings ratio of 34.35 and a beta of 0.91. 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 company has a 50-day simple moving average of $38.43 and a 200 day simple moving average of $32.59. TAT Technologies Ltd. has a 52 week low of $17.28 and a 52 week high of $45.40.
TAT Technologies (NASDAQ:TATT - Get Free Report) last announced its earnings results on Monday, August 11th. The aerospace company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $43.10 million during the quarter, compared to the consensus estimate of $43.85 million. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%.
About TAT Technologies
(
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.
See Also
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