TAT Technologies Ltd. $TATT Stock: Penn Capital Management Company LLC Increases Position

Penn Capital Management Company LLC lifted its holdings in TAT Technologies Ltd. (NASDAQ:TATT) by 16.3% in the third quarter, HoldingsChannel.com reports. The fund owned 415,767 shares of the aerospace company’s stock after buying an additional 58,376 shares during the quarter. Penn Capital Management Company LLC’s holdings in TAT Technologies were worth $14,583,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CenterBook Partners LP grew its position in shares of TAT Technologies by 62.9% during the third quarter. CenterBook Partners LP now owns 41,741 shares of the aerospace company’s stock worth $1,463,000 after purchasing an additional 16,112 shares in the last quarter. Tidal Investments LLC lifted its holdings in TAT Technologies by 21.4% in the 2nd quarter. Tidal Investments LLC now owns 25,208 shares of the aerospace company’s stock worth $1,216,000 after purchasing an additional 4,447 shares in the last quarter. IFP Advisors Inc lifted its holdings in TAT Technologies by 100.0% in the 2nd quarter. IFP Advisors Inc now owns 1,954 shares of the aerospace company’s stock worth $94,000 after purchasing an additional 977 shares in the last quarter. Corient Private Wealth LP purchased a new position in TAT Technologies in the 2nd quarter worth approximately $711,000. Finally, Navellier & Associates Inc. boosted its stake in TAT Technologies by 158.7% in the 2nd quarter. Navellier & Associates Inc. now owns 30,092 shares of the aerospace company’s stock worth $1,451,000 after purchasing an additional 18,458 shares during the period. Institutional investors own 15.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TATT. B. Riley Financial reaffirmed a “buy” rating and set a $63.00 price objective (up from $60.00) on shares of TAT Technologies in a report on Tuesday, November 3rd. William Blair reiterated a “hold” rating on shares of TAT Technologies in a research report on Wednesday, July 15th. Benchmark reissued a “buy” rating on shares of TAT Technologies in a report on Tuesday, August 25th. UBS Group restated a “buy” rating on shares of TAT Technologies in a research report on Tuesday, November 3rd. Finally, Weiss Ratings cut shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.83.

TAT Technologies Trading Up 4.2%

Shares of TATT stock opened at $38.55 on Tuesday. The company has a current ratio of 4.97, a quick ratio of 2.61 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $501.15 million, a price-to-earnings ratio of 21.30 and a beta of 1.04. TAT Technologies Ltd. has a 12-month low of $30.47 and a 12-month high of $64.50. The stock’s 50-day moving average price is $35.56 and its 200-day moving average price is $42.03.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings results on Monday, November 2nd. The aerospace company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.19. The company had revenue of $55.56 million during the quarter, compared to analyst estimates of $52.84 million. TAT Technologies had a return on equity of 11.02% and a net margin of 12.17%. Equities research analysts predict that TAT Technologies Ltd. will post 1.64 EPS for the current fiscal year.

TAT Technologies Company Profile

TAT Technologies Ltd. is an aerospace and defense company headquartered in Netanya, Israel. The company develops, manufactures, and services thermal-management and other specialized systems used in commercial, military, business, and general aviation applications.

Its product portfolio includes heat exchangers, air-conditioning and environmental-control components, air-cycle machines, pre-coolers, oil coolers, fuel heaters, pumps, and related aircraft systems. TAT also provides maintenance, repair, and overhaul services for aircraft heat-transfer equipment, auxiliary power units, landing-gear components, and other aviation parts.

Through its operations in Israel and the United States, TAT Technologies serves aircraft manufacturers, airlines, aerospace and defense contractors, and government customers.