TAT Technologies (NASDAQ:TATT) Given New $36.00 Price Target at Benchmark

TAT Technologies (NASDAQ:TATT) had its price objective boosted by Benchmark from $35.00 to $36.00 in a research note issued to investors on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the aerospace company’s stock.

Several other analysts have also weighed in on TATT. Truist Financial began coverage on shares of TAT Technologies in a report on Wednesday, June 4th. They set a “buy” rating and a $35.00 price objective for the company. Wall Street Zen lowered TAT Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 6th.

TAT Technologies Stock Performance

TAT Technologies stock opened at $26.07 on Wednesday. The firm has a market capitalization of $327.57 million, a P/E ratio of 35.23 and a beta of 0.69. The stock has a fifty day moving average price of $29.21 and a two-hundred day moving average price of $27.53. TAT Technologies has a 52-week low of $12.61 and a 52-week high of $36.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Monday, May 19th. The aerospace company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $42.14 million for the quarter, compared to analyst estimates of $41.70 million. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Virtus Fund Advisers LLC acquired a new stake in TAT Technologies in the 4th quarter valued at about $29,000. Virtus Advisers LLC acquired a new position in shares of TAT Technologies during the first quarter worth approximately $45,000. IFP Advisors Inc bought a new stake in shares of TAT Technologies during the fourth quarter valued at approximately $50,000. Catalyst Capital Advisors LLC bought a new stake in shares of TAT Technologies during the first quarter valued at approximately $63,000. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in shares of TAT Technologies in the fourth quarter valued at approximately $103,000. 15.13% of the stock is owned by institutional investors.

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.