Clal Insurance Enterprises Holdings Ltd Takes $11.03 Million Position in TAT Technologies Ltd. $TATT

Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 360,884 shares of the aerospace company’s stock, valued at approximately $11,025,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TATT. Virtus Advisers LLC bought a new stake in TAT Technologies in the 1st quarter valued at approximately $45,000. Morgan Dempsey Capital Management LLC lifted its position in shares of TAT Technologies by 72.5% in the second quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company’s stock worth $221,000 after purchasing an additional 3,050 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of TAT Technologies in the second quarter worth $228,000. Goldman Sachs Group Inc. acquired a new position in TAT Technologies during the first quarter worth $207,000. Finally, Walleye Capital LLC bought a new position in TAT Technologies in the first quarter valued at $228,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Price Performance

Shares of NASDAQ TATT opened at $39.12 on Wednesday. The company has a quick ratio of 2.42, a current ratio of 4.67 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $40.91 and its two-hundred day moving average price is $35.14. The company has a market cap of $491.54 million, a PE ratio of 32.07 and a beta of 0.85. TAT Technologies Ltd. has a twelve month low of $20.60 and a twelve month high of $45.83.

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

Analysts Set New Price Targets

Several brokerages have commented on TATT. Stifel Nicolaus boosted their price target on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings upgraded TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Truist Financial decreased their price target on TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Wall Street Zen lowered TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Jones Trading started coverage on TAT Technologies in a research note on Friday, October 10th. They set a “buy” rating and a $50.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.80.

TAT Technologies Company 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.