TAT Technologies (NASDAQ:TATT) Rating Increased to Strong-Buy at B. Riley Financial

TAT Technologies (NASDAQ:TATT) was upgraded by stock analysts at B. Riley Financial to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

TATT has been the subject of a number of other reports. Stifel Nicolaus increased their price objective on shares of TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a report on Friday, March 20th. Zacks Research upgraded shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of TAT Technologies in a report on Friday, March 27th. Lake Street Capital reiterated a “buy” rating and issued a $59.00 price target on shares of TAT Technologies in a research note on Wednesday, February 4th. Finally, Benchmark increased their price objective on shares of TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, TAT Technologies has an average rating of “Buy” and an average price target of $57.29.

TAT Technologies Price Performance

Shares of TAT Technologies stock opened at $41.37 on Tuesday. The company has a market capitalization of $536.98 million, a price-to-earnings ratio of 30.20 and a beta of 1.11. The company has a quick ratio of 2.67, a current ratio of 4.89 and a debt-to-equity ratio of 0.05. The stock’s 50-day simple moving average is $50.35 and its 200-day simple moving average is $45.71. TAT Technologies has a 52 week low of $24.56 and a 52 week high of $64.50.

TAT Technologies (NASDAQ:TATT) last released its earnings results on Wednesday, March 18th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The business had revenue of $46.53 million for the quarter, compared to analysts’ expectations of $48.04 million. TAT Technologies had a return on equity of 10.69% and a net margin of 9.45%.

Institutional Investors Weigh In On TAT Technologies

Several large investors have recently bought and sold shares of the business. Greenline Wealth Management LLC purchased a new stake in TAT Technologies during the fourth quarter valued at $41,000. Royal Bank of Canada grew its stake in shares of TAT Technologies by 978.8% in the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock worth $50,000 after buying an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of TAT Technologies in the 3rd quarter worth $53,000. Quantbot Technologies LP bought a new stake in shares of TAT Technologies in the 3rd quarter worth about $121,000. Finally, Osaic Holdings Inc. increased its holdings in shares of TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after buying an additional 4,474 shares during the last quarter. Institutional investors 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.