TAT Technologies Ltd. $TATT Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in TAT Technologies Ltd. (NASDAQ:TATT) by 49.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,553 shares of the aerospace company’s stock after purchasing an additional 13,013 shares during the period. Principal Financial Group Inc.’s holdings in TAT Technologies were worth $1,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Osaic Holdings Inc. boosted its position in TAT Technologies by 470.9% in the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after buying an additional 4,474 shares during the last quarter. GWN Securities Inc. purchased a new stake in shares of TAT Technologies in the 3rd quarter valued at $202,000. Goldman Sachs Group Inc. acquired a new stake in shares of TAT Technologies in the first quarter worth $207,000. Calamos Advisors LLC acquired a new stake in shares of TAT Technologies in the second quarter worth $228,000. Finally, PDT Partners LLC purchased a new position in shares of TAT Technologies during the second quarter worth $228,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Lake Street Capital reaffirmed a “buy” rating and issued a $59.00 price target on shares of TAT Technologies in a report on Wednesday, February 4th. Benchmark upped their target price on TAT Technologies from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Truist Financial dropped their target price on TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Finally, Stifel Nicolaus raised their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, TAT Technologies has an average rating of “Buy” and a consensus price target of $53.17.

TAT Technologies Trading Up 4.2%

Shares of TATT stock opened at $51.24 on Wednesday. TAT Technologies Ltd. has a 1-year low of $23.37 and a 1-year high of $54.80. The company has a market cap of $643.57 million, a price-to-earnings ratio of 38.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.44 and a quick ratio of 2.34. The stock has a 50 day simple moving average of $47.94 and a 200-day simple moving average of $42.27.

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.