Morgan Dempsey Capital Management LLC Increases Position in TAT Technologies Ltd. $TATT

Morgan Dempsey Capital Management LLC lifted its position in TAT Technologies Ltd. (NASDAQ:TATT) by 72.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,256 shares of the aerospace company’s stock after purchasing an additional 3,050 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in TAT Technologies were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TATT. Virtus Advisers LLC purchased a new position in shares of TAT Technologies in the first quarter worth $45,000. Catalyst Capital Advisors LLC purchased a new position in shares of TAT Technologies in the first quarter worth $63,000. Goldman Sachs Group Inc. purchased a new position in shares of TAT Technologies in the first quarter worth $207,000. Walleye Capital LLC purchased a new position in shares of TAT Technologies in the first quarter worth $228,000. Finally, CenterBook Partners LP purchased a new position in shares of TAT Technologies in the first quarter worth $252,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Price Performance

TAT Technologies stock opened at $38.86 on Friday. The company has a market cap of $488.08 million, a price-to-earnings ratio of 31.85 and a beta of 0.91. The firm’s fifty day moving average is $38.89 and its 200 day moving average is $33.07. The company has a quick ratio of 2.42, a current ratio of 4.67 and a debt-to-equity ratio of 0.06. TAT Technologies Ltd. has a 52-week low of $17.71 and a 52-week high of $45.40.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $43.85 million.

Analyst Ratings Changes

Several equities analysts have recently commented on TATT shares. Jones Trading started coverage on shares of TAT Technologies in a report on Friday, October 10th. They issued a “buy” rating and a $50.00 target price on the stock. Truist Financial boosted their target price on shares of TAT Technologies from $35.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, August 17th. Weiss Ratings downgraded shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of TAT Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, TAT Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $44.60.

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.