Walleye Capital LLC Takes Position in TAT Technologies Ltd. $TATT

Key Points

• Walleye Capital LLC acquired approximately 8,281 shares of TAT Technologies Ltd., valued at around $228,000, representing 0.08% of the company's total shares.
• Analyst ratings for TAT Technologies have shown positive shifts, with multiple firms like Benchmark and Lake Street Capital assigning buy ratings and raising price targets, indicating a consensus price target of $36.00.
• TAT Technologies posted $0.30 earnings per share (EPS) for its latest quarter, exceeding expectations, despite reporting revenue of $43.10 million which fell slightly short of consensus estimates of $43.85 million.

Walleye Capital LLC acquired a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,281 shares of the aerospace company's stock, valued at approximately $228,000. Walleye Capital LLC owned about 0.08% of TAT Technologies at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TATT. Roubaix Capital LLC purchased a new stake in TAT Technologies during the first quarter valued at about $5,238,000. ARK Investment Management LLC purchased a new stake in TAT Technologies during the first quarter valued at about $1,864,000. Jane Street Group LLC purchased a new stake in TAT Technologies during the fourth quarter valued at about $368,000. CenterBook Partners LP purchased a new stake in TAT Technologies during the first quarter valued at about $252,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in TAT Technologies during the first quarter valued at about $63,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TATT has been the subject of several analyst reports. Benchmark upped their price target on shares of TAT Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Lake Street Capital initiated coverage on shares of TAT Technologies in a research report on Wednesday, June 18th. They set a "buy" rating and a $37.00 price target for the company. Truist Financial began coverage on shares of TAT Technologies in a research report on Wednesday, June 4th. They set a "buy" rating and a $35.00 price target for the company. Wall Street Zen upgraded shares of TAT Technologies from a "hold" rating to a "buy" rating in a report on Sunday, August 17th. Finally, Zacks Research upgraded shares of TAT Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, TAT Technologies has a consensus rating of "Buy" and a consensus price target of $36.00.

TAT Technologies Stock Performance

TAT Technologies stock opened at $34.63 on Friday. The company has a current ratio of 4.67, a quick ratio of 2.42 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $33.87 and a 200-day moving average of $29.97. The firm has a market cap of $434.95 million, a P/E ratio of 28.39 and a beta of 0.78. TAT Technologies Ltd. has a 1-year low of $15.71 and a 1-year 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, topping analysts' consensus estimates of $0.29 by $0.01. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%. The company had revenue of $43.10 million during the quarter, compared to the consensus estimate of $43.85 million.

About TAT Technologies

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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