TAT Technologies (NASDAQ:TATT) Rating Increased to Buy at Wall Street Zen

TAT Technologies (NASDAQ:TATT) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

A number of other equities research analysts have also recently commented on TATT. Lake Street Capital assumed coverage on shares of TAT Technologies in a research note on Wednesday, June 18th. They set a “buy” rating and a $37.00 target price on the stock. Benchmark raised their target price on shares of TAT Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Finally, Truist Financial assumed coverage on shares of TAT Technologies in a research note on Wednesday, June 4th. They set a “buy” rating and a $35.00 target price on the stock.

TAT Technologies Stock Performance

TATT opened at $37.06 on Friday. The company has a current ratio of 4.67, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06. The company has a market cap of $465.66 million, a price-to-earnings ratio of 30.38 and a beta of 0.77. The company’s 50 day moving average is $31.19 and its 200 day moving average is $29.27. TAT Technologies has a 12-month low of $14.44 and a 12-month high of $38.70.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $43.85 million. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%.

Institutional Investors Weigh In On TAT Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TATT. Virtus Fund Advisers LLC bought a new stake in TAT Technologies during the 4th quarter worth approximately $29,000. Virtus Advisers LLC bought a new stake in shares of TAT Technologies during the first quarter valued at approximately $45,000. Catalyst Capital Advisors LLC bought a new stake in shares of TAT Technologies during the first quarter valued at approximately $63,000. Goldman Sachs Group Inc. bought a new stake in shares of TAT Technologies during the first quarter valued at approximately $207,000. Finally, Morgan Dempsey Capital Management LLC raised its position in shares of TAT Technologies by 72.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company’s stock valued at $221,000 after buying an additional 3,050 shares during the last quarter. Institutional investors own 15.13% of the company’s stock.

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.