TAT Technologies (NASDAQ:TATT) Upgraded by Wall Street Zen to “Buy” Rating

TAT Technologies (NASDAQ:TATT) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities research analysts have also issued reports on the stock. Truist Financial decreased their price target on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Loop Capital set a $53.00 price objective on TAT Technologies in a report on Tuesday, December 30th. Lake Street Capital started coverage on TAT Technologies in a research note on Tuesday, December 30th. They issued a “buy” rating and a $53.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Finally, Jones Trading began coverage on TAT Technologies in a research note on Friday, October 10th. They set a “buy” rating and a $50.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, TAT Technologies presently has an average rating of “Buy” and a consensus price target of $51.33.

TAT Technologies Stock Up 0.7%

TATT stock opened at $52.54 on Friday. The firm has a market capitalization of $659.90 million, a PE ratio of 39.50 and a beta of 0.89. The company has a quick ratio of 2.34, a current ratio of 4.44 and a debt-to-equity ratio of 0.06. TAT Technologies has a twelve month low of $23.37 and a twelve month high of $53.83. The stock’s 50 day moving average is $44.06 and its 200-day moving average is $39.96.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Meitav Investment House Ltd. raised its stake in TAT Technologies by 61.7% in the second quarter. Meitav Investment House Ltd. now owns 1,454,618 shares of the aerospace company’s stock valued at $44,722,000 after purchasing an additional 555,286 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of TAT Technologies by 5.5% during the 3rd quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after acquiring an additional 43,022 shares during the last quarter. Boston Partners purchased a new position in TAT Technologies in the second quarter worth $13,205,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of TAT Technologies in the 2nd quarter worth about $11,025,000. Finally, Penn Capital Management Company LLC increased its position in shares of TAT Technologies by 1,063.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after purchasing an additional 327,015 shares during the last quarter. 15.13% of the stock is currently owned by institutional investors.

About TAT Technologies

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.