Zacks Research Upgrades TAT Technologies (NASDAQ:TATT) to Hold

TAT Technologies (NASDAQ:TATT) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Loop Capital set a $53.00 price target on shares of TAT Technologies in a report on Tuesday, December 30th. Benchmark started coverage on TAT Technologies in a research report on Monday, November 17th. They issued a “buy” rating and a $53.00 price target for the company. Stifel Nicolaus boosted their target price on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Truist Financial decreased their price target on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Finally, Jones Trading assumed coverage on shares of TAT Technologies in a report on Friday, October 10th. They set a “buy” rating and a $50.00 target price for the company. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TAT Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $51.33.

TAT Technologies Stock Performance

NASDAQ TATT opened at $52.16 on Monday. TAT Technologies has a fifty-two week low of $23.37 and a fifty-two week high of $53.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. The business’s 50 day moving average price is $42.01 and its 200-day moving average price is $38.88. The company has a market cap of $655.13 million, a P/E ratio of 39.22 and a beta of 0.89.

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

Institutional Trading of TAT Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Meitav Investment House Ltd. increased its stake in TAT Technologies by 61.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 1,454,618 shares of the aerospace company’s stock worth $44,722,000 after buying an additional 555,286 shares during the period. Wasatch Advisors LP raised its stake in TAT Technologies by 5.5% during the 3rd quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after acquiring an additional 43,022 shares in the last quarter. Boston Partners purchased a new stake in TAT Technologies in the second quarter valued at $13,205,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in TAT Technologies in the second quarter valued at $11,025,000. Finally, Penn Capital Management Company LLC grew its holdings in shares of 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 and hedge funds own 15.13% of the company’s stock.

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.