TAT Technologies Ltd. (NASDAQ:TATT) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd reduced its holdings in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 9.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,213,859 shares of the aerospace company's stock after selling 128,158 shares during the period. TAT Technologies comprises 2.8% of Y.D. More Investments Ltd's portfolio, making the stock its 9th biggest position. Y.D. More Investments Ltd owned about 12.02% of TAT Technologies worth $31,475,000 as of its most recent SEC filing.

Separately, JPMorgan Chase & Co. increased its position in TAT Technologies by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 2,697 shares during the period. 15.13% of the stock is currently owned by institutional investors and hedge funds.

TAT Technologies Stock Down 4.1 %

NASDAQ TATT traded down $1.27 on Friday, hitting $29.38. The stock had a trading volume of 24,500 shares, compared to its average volume of 67,271. The business's fifty day moving average price is $27.14 and its 200 day moving average price is $20.80. The stock has a market cap of $321.42 million, a price-to-earnings ratio of 39.70 and a beta of 0.94. 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 52-week low of $10.51 and a 52-week high of $33.37.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TATT. StockNews.com raised shares of TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, December 8th. Benchmark began coverage on shares of TAT Technologies in a research report on Thursday, December 5th. They set a "buy" rating and a $30.00 price target for the company.

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.