TAT Technologies Ltd. (NASDAQ:TATT) Receives Consensus Rating of “Buy” from Analysts

TAT Technologies Ltd. (NASDAQ:TATT) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $51.3333.

A number of research firms recently commented on TATT. Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Wall Street Zen upgraded shares of TAT Technologies from a “hold” rating to a “buy” rating in a research note on Friday. Lake Street Capital assumed coverage on shares of TAT Technologies in a research report on Tuesday, December 30th. They issued a “buy” rating and a $53.00 target price for the company. Loop Capital set a $53.00 price target on shares of TAT Technologies in a report on Tuesday, December 30th. Finally, Benchmark began coverage on shares of TAT Technologies in a research report on Monday, November 17th. They set a “buy” rating and a $53.00 price target on the stock.

TAT Technologies Trading Up 0.7%

Shares of TATT stock opened at $52.54 on Monday. The stock has a market cap of $659.90 million, a P/E ratio of 39.50 and a beta of 0.89. TAT Technologies has a 1 year low of $23.37 and a 1 year high of $53.83. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $44.06 and a 200 day simple moving average of $39.96.

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

Hedge Funds Weigh In On TAT Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TATT. Meitav Investment House Ltd. lifted its holdings in shares of TAT Technologies by 61.7% during the second quarter. Meitav Investment House Ltd. now owns 1,454,618 shares of the aerospace company’s stock worth $44,722,000 after purchasing an additional 555,286 shares during the period. Wasatch Advisors LP lifted its holdings in TAT Technologies by 143.0% during the 2nd quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company’s stock worth $23,858,000 after buying an additional 459,693 shares during the period. Boston Partners acquired a new position in TAT Technologies during the 2nd quarter worth about $13,205,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of TAT Technologies in the 2nd quarter valued at about $11,025,000. Finally, Penn Capital Management Company LLC increased its stake in shares of TAT Technologies by 1,063.4% in the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after buying an additional 327,015 shares during the period. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.