Meitav Investment House Ltd. Has $44.72 Million Stock Position in TAT Technologies Ltd. $TATT

Meitav Investment House Ltd. increased its holdings in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 61.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,454,618 shares of the aerospace company’s stock after buying an additional 555,286 shares during the quarter. Meitav Investment House Ltd. owned 0.12% of TAT Technologies worth $44,722,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. ARK Investment Management LLC acquired a new stake in TAT Technologies during the 1st quarter worth $1,864,000. CenterBook Partners LP acquired a new stake in TAT Technologies during the 1st quarter worth $252,000. Goldman Sachs Group Inc. acquired a new stake in TAT Technologies during the 1st quarter worth $207,000. Cubist Systematic Strategies LLC acquired a new stake in TAT Technologies during the 1st quarter worth $273,000. Finally, Walleye Capital LLC acquired a new stake in TAT Technologies during the 1st quarter worth $228,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TATT shares. Stifel Nicolaus started coverage on TAT Technologies in a research note on Tuesday, September 16th. They set a “buy” rating and a $44.00 price objective on the stock. Zacks Research upgraded TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Benchmark increased their target price on TAT Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. Wall Street Zen upgraded TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, August 17th. Finally, Lake Street Capital started coverage on TAT Technologies in a report on Wednesday, June 18th. They set a “buy” rating and a $37.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $38.00.

TAT Technologies Stock Up 4.1%

Shares of TATT opened at $43.97 on Tuesday. The firm has a 50 day simple moving average of $37.78 and a two-hundred day simple moving average of $32.15. The company has a market cap of $552.26 million, a P/E ratio of 36.04 and a beta of 0.91. TAT Technologies Ltd. has a one year low of $16.25 and a one year high of $45.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.67 and a quick ratio of 2.42.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $43.10 million during the quarter, compared to the consensus estimate of $43.85 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.