Roubaix Capital LLC Makes New $5.24 Million Investment in TAT Technologies Ltd. $TATT

Key Points

• Roubaix Capital LLC has acquired 190,606 shares of TAT Technologies Ltd., valued at approximately $5.2 million, representing 2.7% of its portfolio.
• Several analysts have upgraded their ratings on TAT Technologies, with target prices set as high as $37.00 from various firms including Truist Financial and Lake Street Capital.
• TAT Technologies' stock recently opened at $37.06, with a market capitalization of $465.66 million, indicating a strong performance as shares climbed by 2.9%.

Roubaix Capital LLC purchased 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 filing with the Securities and Exchange Commission. The firm purchased 190,606 shares of the aerospace company's stock, valued at approximately $5,238,000. TAT Technologies comprises approximately 2.7% of Roubaix Capital LLC's portfolio, making the stock its 11th biggest holding. Roubaix Capital LLC owned approximately 1.74% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TATT. ARK Investment Management LLC purchased a new position in shares of TAT Technologies during the 1st quarter worth $1,864,000. Marshall Wace LLP bought a new stake in shares of TAT Technologies during the 4th quarter valued at $444,000. Jane Street Group LLC bought a new stake in shares of TAT Technologies during the 4th quarter valued at $368,000. Renaissance Technologies LLC raised its position in shares of TAT Technologies by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after purchasing an additional 11,799 shares during the period. Finally, CenterBook Partners LP bought a new stake in shares of TAT Technologies during the 1st quarter valued at $252,000. Hedge funds and other institutional investors own 15.13% of the company's stock.

TAT Technologies Price Performance

TAT Technologies stock traded up $0.2850 during mid-day trading on Friday, reaching $36.8350. 53,353 shares of the company's stock traded hands, compared to its average volume of 144,566. The company has a market cap of $462.65 million, a price-to-earnings ratio of 30.19 and a beta of 0.77. The stock has a 50 day moving average of $32.05 and a two-hundred day moving average of $29.46. The company has a quick ratio of 2.42, a current ratio of 4.67 and a debt-to-equity ratio of 0.06. TAT Technologies Ltd. has a 12-month low of $15.27 and a 12-month high of $41.00.

TAT Technologies (NASDAQ:TATT - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $43.10 million for 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%.

Analyst Ratings Changes

Several analysts have recently commented on TATT shares. Lake Street Capital started coverage on shares of TAT Technologies in a research report on Wednesday, June 18th. They set a "buy" rating and a $37.00 price objective on the stock. Zacks Research raised shares of TAT Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Truist Financial assumed coverage on shares of TAT Technologies in a research note on Wednesday, June 4th. They set a "buy" rating and a $35.00 target price for the company. Benchmark raised their target price 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. Finally, Wall Street Zen raised shares of TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $36.00.

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.