Boston Partners Purchases Shares of 300,665 TAT Technologies Ltd. $TATT

Boston Partners acquired a new position in TAT Technologies Ltd. (NASDAQ:TATT) during the second quarter, according to its most recent filing with the SEC. The firm acquired 300,665 shares of the aerospace company’s stock, valued at approximately $9,186,000.

Other hedge funds have also recently made changes to their positions in the company. Virtus Advisers LLC bought a new position in shares of TAT Technologies during the first quarter valued at approximately $45,000. Morgan Dempsey Capital Management LLC increased its position in TAT Technologies by 72.5% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 3,050 shares during the period. Goldman Sachs Group Inc. bought a new position in TAT Technologies in the 1st quarter worth $207,000. Walleye Capital LLC purchased a new stake in shares of TAT Technologies in the 1st quarter worth about $228,000. Finally, CenterBook Partners LP bought a new stake in shares of TAT Technologies during the 1st quarter valued at about $252,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TATT. Stifel Nicolaus assumed coverage on shares of TAT Technologies in a research note on Tuesday, September 16th. They issued a “buy” rating and a $44.00 price target for the company. Truist Financial increased their target price on TAT Technologies from $35.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. 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, Zacks Research downgraded TAT Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.60.

TAT Technologies Price Performance

Shares of NASDAQ:TATT opened at $39.78 on Friday. The business has a fifty day moving average price of $40.66 and a 200-day moving average price of $34.83. 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 company has a market capitalization of $499.84 million, a PE ratio of 32.61 and a beta of 0.85. TAT Technologies Ltd. has a 1-year low of $18.87 and a 1-year high of $45.83.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The firm had revenue of $46.24 million for the quarter, compared to analysts’ expectations of $46.27 million. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%.

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.