TAT Technologies Ltd. (NASDAQ:TATT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $47.80.

Several analysts recently issued reports on TATT shares. Truist Financial lowered their price target on TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a report on Friday, November 14th. Zacks Research lowered TAT Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Benchmark assumed coverage on TAT Technologies in a report on Monday, November 17th. They set a “buy” rating and a $53.00 target price on the stock. Stifel Nicolaus upped their price target on TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Finally, Jones Trading initiated coverage on shares of TAT Technologies in a research report on Friday, October 10th. They issued a “buy” rating and a $50.00 price objective for the company.

Institutional Investors Weigh In On TAT Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TATT. PNC Financial Services Group Inc. purchased a new position in TAT Technologies in the 3rd quarter valued at about $53,000. Morgan Dempsey Capital Management LLC lifted its stake in shares of TAT Technologies by 17.2% in the third quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock worth $372,000 after acquiring an additional 1,249 shares in the last quarter. Huntleigh Advisors Inc. boosted its holdings in TAT Technologies by 3.7% in the third quarter. Huntleigh Advisors Inc. now owns 38,101 shares of the aerospace company’s stock valued at $1,678,000 after purchasing an additional 1,345 shares during the last quarter. GSA Capital Partners LLP grew its stake in TAT Technologies by 14.6% during the 3rd quarter. GSA Capital Partners LLP now owns 11,854 shares of the aerospace company’s stock valued at $522,000 after purchasing an additional 1,511 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new stake in TAT Technologies during the 1st quarter worth approximately $45,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

TAT Technologies Trading Down 0.2%

NASDAQ TATT opened at $40.12 on Friday. The firm has a market capitalization of $503.91 million, a price-to-earnings ratio of 30.17 and a beta of 0.89. 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 has a one year low of $22.57 and a one year high of $45.83. The company’s 50 day moving average price is $40.77 and its 200 day moving average price is $35.61.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.The business had revenue of $46.24 million during the quarter, compared to analyst estimates of $46.27 million.

TAT Technologies Company 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.