Brokerages Set TAT Technologies Ltd. (NASDAQ:TATT) Target Price at $57.29

TAT Technologies Ltd. (NASDAQ:TATT) has been assigned a consensus rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $57.2857.

Several research firms recently issued reports on TATT. Weiss Ratings lowered TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Benchmark lifted their price objective on TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. B. Riley Financial began coverage on TAT Technologies in a research note on Wednesday, April 8th. They set a “buy” rating and a $61.00 price objective for the company. Stifel Nicolaus lifted their price objective on TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Truist Financial raised TAT Technologies to a “strong-buy” rating in a research note on Friday, May 1st.

Insider Buying and Selling at TAT Technologies

In related news, insider Paul Maness sold 5,000 shares of TAT Technologies stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $45.41, for a total transaction of $227,050.00. Following the completion of the sale, the insider owned 5,000 shares of the company’s stock, valued at approximately $227,050. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jason Lewandowski sold 3,125 shares of TAT Technologies stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total value of $122,562.50. Following the sale, the chief operating officer directly owned 3,125 shares of the company’s stock, valued at $122,562.50. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TAT Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Meitav Investment House Ltd. lifted its stake in TAT Technologies by 0.3% during the first quarter. Meitav Investment House Ltd. now owns 1,211,860 shares of the aerospace company’s stock worth $47,989,000 after purchasing an additional 3,122 shares during the last quarter. Wasatch Advisors LP lifted its stake in TAT Technologies by 5.5% during the third quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after purchasing an additional 43,022 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in TAT Technologies by 26.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock worth $18,405,000 after purchasing an additional 95,756 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in TAT Technologies by 92.1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock worth $17,283,000 after purchasing an additional 185,574 shares during the last quarter. Finally, Penn Capital Management Company LLC lifted its stake in TAT Technologies by 1,063.4% during the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock worth $15,768,000 after purchasing an additional 327,015 shares during the last quarter. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Price Performance

Shares of NASDAQ TATT opened at $43.65 on Thursday. The stock has a market cap of $566.58 million, a PE ratio of 33.84 and a beta of 1.00. TAT Technologies has a fifty-two week low of $26.12 and a fifty-two week high of $64.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.46 and a current ratio of 4.69. The stock has a fifty day moving average of $39.71 and a 200-day moving average of $45.37.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. The company had revenue of $41.15 million during the quarter, compared to analysts’ expectations of $40.25 million. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%. Equities research analysts anticipate that TAT Technologies will post 1.52 earnings per share for the current year.

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.