TAT Technologies Ltd. $TATT Shares Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC raised its stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 1,063.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 357,768 shares of the aerospace company’s stock after purchasing an additional 327,015 shares during the period. Penn Capital Management Company LLC’s holdings in TAT Technologies were worth $15,768,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Wasatch Advisors LP increased its position in shares of TAT Technologies by 5.5% during the third quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after purchasing an additional 43,022 shares in the last quarter. Boston Partners acquired a new position in TAT Technologies during the second quarter worth about $13,205,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in TAT Technologies during the 2nd quarter valued at about $11,025,000. Roubaix Capital LLC raised its holdings in TAT Technologies by 6.6% in the 3rd quarter. Roubaix Capital LLC now owns 250,141 shares of the aerospace company’s stock valued at $11,014,000 after acquiring an additional 15,477 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in TAT Technologies in the 3rd quarter worth approximately $10,150,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Stock Up 5.9%

TATT stock opened at $61.10 on Wednesday. The company’s 50 day moving average price is $53.19 and its 200 day moving average price is $45.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. TAT Technologies Ltd. has a fifty-two week low of $23.92 and a fifty-two week high of $64.50. The firm has a market capitalization of $767.72 million, a price-to-earnings ratio of 45.94 and a beta of 0.93.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Freedom Capital raised shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Lake Street Capital reiterated a “buy” rating and set a $59.00 price target on shares of TAT Technologies in a report on Wednesday, February 4th. Loop Capital set a $53.00 target price on shares of TAT Technologies in a research report on Tuesday, December 30th. Benchmark lifted their price target on shares of TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, TAT Technologies has an average rating of “Buy” and an average price target of $54.50.

TAT Technologies Company Profile

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.