Brokerages Set TAT Technologies Ltd. (NASDAQ:TATT) PT at $57.29

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been given an average rating of “Buy” by the nine analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $57.2857.

A number of brokerages have recently issued reports on TATT. Stifel Nicolaus increased their target price on TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, May 22nd. Truist Financial raised TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings cut TAT Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Finally, B. Riley Financial began coverage on TAT Technologies in a report on Wednesday, April 8th. They issued a “buy” rating and a $61.00 target price for the company.

TAT Technologies Price Performance

Shares of NASDAQ:TATT opened at $43.31 on Friday. The business has a 50 day moving average price of $39.23 and a 200 day moving average price of $44.77. TAT Technologies has a twelve month low of $25.52 and a twelve month high of $64.50. The company has a market cap of $562.16 million, a price-to-earnings ratio of 33.57 and a beta of 0.96. The company has a quick ratio of 2.46, a current ratio of 4.69 and a debt-to-equity ratio of 0.05.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings results on Wednesday, May 20th. The aerospace company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.19 by $0.07. The firm had revenue of $41.15 million during the quarter, compared to analysts’ expectations of $40.25 million. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%. Research analysts predict that TAT Technologies will post 1.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Jason Lewandowski sold 3,125 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $39.22, for a total transaction of $122,562.50. Following the completion of the sale, the chief operating officer directly owned 3,125 shares of the company’s stock, valued at $122,562.50. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund bought a new position in shares of TAT Technologies in the 3rd quarter worth $10,150,000. Oak Ridge Investments LLC acquired a new stake in TAT Technologies during the 4th quarter worth $1,160,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in TAT Technologies by 92.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock worth $17,283,000 after buying an additional 185,574 shares during the period. Principal Financial Group Inc. raised its stake in TAT Technologies by 49.0% during the 3rd quarter. Principal Financial Group Inc. now owns 39,553 shares of the aerospace company’s stock worth $1,742,000 after buying an additional 13,013 shares during the period. Finally, Calamos Advisors LLC raised its stake in TAT Technologies by 288.9% during the 4th quarter. Calamos Advisors LLC now owns 94,695 shares of the aerospace company’s stock worth $4,229,000 after buying an additional 70,345 shares during the period. 15.13% of the stock is currently owned by institutional investors.

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.