Boston Partners Makes New $13.21 Million Investment in TAT Technologies Ltd. $TATT

Boston Partners purchased a new stake in TAT Technologies Ltd. (NASDAQ:TATT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 432,248 shares of the aerospace company’s stock, valued at approximately $13,205,000. Boston Partners owned about 3.44% of TAT Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CenterBook Partners LP increased its holdings in TAT Technologies by 1,518.8% in the 2nd quarter. CenterBook Partners LP now owns 148,721 shares of the aerospace company’s stock worth $4,542,000 after buying an additional 139,534 shares during the period. JPMorgan Chase & Co. raised its holdings in TAT Technologies by 470.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 69,618 shares of the aerospace company’s stock valued at $2,126,000 after acquiring an additional 57,412 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in TAT Technologies during the second quarter worth $11,025,000. Calamos Advisors LLC acquired a new stake in TAT Technologies during the second quarter worth about $228,000. Finally, K.J. Harrison & Partners Inc acquired a new position in TAT Technologies in the second quarter valued at approximately $1,374,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a research report on Wednesday. Zacks Research cut shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Jones Trading assumed coverage on shares of TAT Technologies in a report on Friday, October 10th. They set a “buy” rating and a $50.00 price target for the company. Finally, Truist Financial lowered their target price on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.80.

TAT Technologies Stock Up 0.8%

Shares of NASDAQ TATT opened at $38.56 on Friday. The firm has a fifty day moving average of $40.85 and a 200-day moving average of $35.45. The stock has a market capitalization of $484.56 million, a PE ratio of 31.61 and a beta of 0.85. TAT Technologies Ltd. has a 52-week low of $21.71 and a 52-week high of $45.83. 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 announced its quarterly earnings results on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share 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 for the quarter, compared to analyst estimates of $46.27 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.