TAT Technologies (NASDAQ:TATT) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Other analysts have also issued reports about the stock. Zacks Research lowered shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Stifel Nicolaus boosted their price target on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a report on Friday, November 14th. Benchmark assumed coverage on shares of TAT Technologies in a research report on Monday, November 17th. They issued a “buy” rating and a $53.00 price target for the company. Truist Financial cut their price objective on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Jones Trading initiated coverage on shares of TAT Technologies in a research note on Friday, October 10th. They issued a “buy” rating and a $50.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

TAT Technologies Stock Up 1.6%

Shares of NASDAQ TATT opened at $44.54 on Friday. TAT Technologies has a 52-week low of $22.57 and a 52-week high of $46.45. The firm has a market capitalization of $559.42 million, a price-to-earnings ratio of 33.49 and a beta of 0.89. The stock has a 50 day moving average price of $40.44 and a 200 day moving average price of $37.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44.

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

Institutional Trading of TAT Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new position in shares of TAT Technologies in the third quarter worth about $53,000. Morgan Dempsey Capital Management LLC grew its position in shares of TAT Technologies by 17.2% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 1,249 shares during the period. Huntleigh Advisors Inc. increased its stake in shares of TAT Technologies by 3.7% in the 3rd quarter. Huntleigh Advisors Inc. now owns 38,101 shares of the aerospace company’s stock valued at $1,678,000 after purchasing an additional 1,345 shares in the last quarter. GSA Capital Partners LLP raised its holdings in TAT Technologies by 14.6% in the 3rd quarter. GSA Capital Partners LLP now owns 11,854 shares of the aerospace company’s stock worth $522,000 after purchasing an additional 1,511 shares during the period. Finally, Quantbot Technologies LP purchased a new position in TAT Technologies during the third quarter worth approximately $121,000. 15.13% of the stock is owned by institutional investors and hedge funds.

TAT Technologies Company Profile

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.