StockNews.com Upgrades TAT Technologies (NASDAQ:TATT) to Buy

TAT Technologies (NASDAQ:TATT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Benchmark started coverage on TAT Technologies in a research note on Thursday, December 5th. They issued a “buy” rating and a $30.00 price objective on the stock.

TAT Technologies Stock Performance

TATT opened at $28.20 on Friday. TAT Technologies has a 52-week low of $10.61 and a 52-week high of $33.37. The firm has a market capitalization of $308.51 million, a PE ratio of 38.11 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The business’s 50-day simple moving average is $27.60 and its 200 day simple moving average is $23.59.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The company had revenue of $38.00 million for the quarter, compared to analyst estimates of $38.00 million.

Hedge Funds Weigh In On TAT Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP bought a new stake in shares of TAT Technologies during the 4th quarter worth about $4,349,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of TAT Technologies by 142.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock worth $1,019,000 after acquiring an additional 22,987 shares during the period. Marshall Wace LLP acquired a new position in shares of TAT Technologies in the fourth quarter valued at approximately $444,000. Jane Street Group LLC bought a new position in shares of TAT Technologies during the fourth quarter worth approximately $368,000. Finally, Renaissance Technologies LLC lifted its holdings in TAT Technologies by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock worth $4,861,000 after purchasing an additional 11,799 shares during the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.