CenterBook Partners LP Increases Stock Holdings in TAT Technologies Ltd. $TATT

CenterBook Partners LP boosted its holdings in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 1,518.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,721 shares of the aerospace company’s stock after buying an additional 139,534 shares during the period. CenterBook Partners LP owned approximately 1.18% of TAT Technologies worth $4,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Virtus Advisers LLC acquired a new position in shares of TAT Technologies during the first quarter valued at about $45,000. Goldman Sachs Group Inc. acquired a new position in TAT Technologies during the 1st quarter valued at approximately $207,000. Morgan Dempsey Capital Management LLC raised its holdings 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 buying an additional 3,050 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of TAT Technologies in the first quarter worth $228,000. Finally, Calamos Advisors LLC acquired a new stake in shares of TAT Technologies during the second quarter worth $228,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Stock Up 2.0%

TAT Technologies stock opened at $39.24 on Friday. TAT Technologies Ltd. has a 52 week low of $20.95 and a 52 week high of $45.83. The firm has a market cap of $493.05 million, a price-to-earnings ratio of 32.16 and a beta of 0.85. The business’s 50-day moving average price is $41.03 and its 200 day moving average price is $35.26. 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 (NASDAQ:TATT) last released 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 company had revenue of $46.24 million during the quarter, compared to analysts’ expectations of $46.27 million. TAT Technologies had a return on equity of 10.90% and a net margin of 8.21%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TATT. Wall Street Zen downgraded TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Benchmark started coverage on TAT Technologies in a research note on Monday. They issued a “buy” rating and a $53.00 price objective for the company. Weiss Ratings raised TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 14th. Jones Trading started coverage on shares of TAT Technologies in a report on Friday, October 10th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, TAT Technologies 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.