TAT Technologies Ltd. (NASDAQ:TATT) Position Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 142.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,109 shares of the aerospace company's stock after purchasing an additional 22,987 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.36% of TAT Technologies worth $1,019,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after acquiring an additional 2,697 shares during the period. IFP Advisors Inc acquired a new stake in shares of TAT Technologies in the fourth quarter valued at approximately $50,000. Finally, Morgan Dempsey Capital Management LLC bought a new stake in shares of TAT Technologies during the fourth quarter valued at approximately $103,000. 15.13% of the stock is currently owned by institutional investors.

TAT Technologies Price Performance

Shares of NASDAQ TATT traded down $0.06 during mid-day trading on Thursday, reaching $28.81. 30,706 shares of the company traded hands, compared to its average volume of 32,639. The firm has a market cap of $315.13 million, a PE ratio of 38.93 and a beta of 0.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. TAT Technologies Ltd. has a fifty-two week low of $11.01 and a fifty-two week high of $33.37. The stock has a fifty day simple moving average of $26.69 and a 200-day simple moving average of $24.55.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $38.00 million for the quarter, compared to analysts' expectations of $38.00 million. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

Analyst Ratings Changes

Several analysts recently commented on TATT shares. Benchmark raised their target price on TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. StockNews.com upgraded shares of TAT Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, March 29th.

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.