CenterBook Partners LP Acquires 16,112 Shares of TAT Technologies Ltd. $TATT

CenterBook Partners LP lifted its holdings in TAT Technologies Ltd. (NASDAQ:TATT) by 62.9% in the third quarter, HoldingsChannel reports. The fund owned 41,741 shares of the aerospace company’s stock after buying an additional 16,112 shares during the period. CenterBook Partners LP’s holdings in TAT Technologies were worth $1,463,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP purchased a new position in TAT Technologies in the 2nd quarter worth $21,213,000. Walleye Capital LLC bought a new stake in TAT Technologies in the first quarter worth $1,054,000. Renaissance Technologies LLC lifted its stake in TAT Technologies by 14.9% in the first quarter. Renaissance Technologies LLC now owns 203,402 shares of the aerospace company’s stock worth $8,264,000 after purchasing an additional 26,400 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in TAT Technologies by 26.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock worth $18,405,000 after purchasing an additional 95,756 shares during the last quarter. Finally, Wasatch Advisors LP boosted its position in TAT Technologies by 35.1% during the second quarter. Wasatch Advisors LP now owns 768,702 shares of the aerospace company’s stock valued at $37,074,000 after buying an additional 199,622 shares during the period. Hedge funds and other institutional investors own 15.13% of the company’s stock.

Analysts Set New Price Targets

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

TAT Technologies Trading Up 4.2%

TATT opened at $38.55 on Tuesday. The business has a 50 day simple moving average of $35.56 and a two-hundred day simple moving average of $42.03. The firm has a market capitalization of $501.15 million, a price-to-earnings ratio of 21.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.97 and a quick ratio of 2.61. TAT Technologies Ltd. has a one year low of $30.47 and a one year high of $64.50.

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

About TAT Technologies

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.