TAT Technologies Ltd. (NASDAQ:TATT) Receives Consensus Rating of “Buy” from Analysts

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $53.1667.

Several equities research analysts recently issued reports on the stock. Lake Street Capital reissued a “buy” rating and issued a $59.00 target price on shares of TAT Technologies in a research report on Wednesday, February 4th. Loop Capital set a $53.00 price target on shares of TAT Technologies in a research note on Tuesday, December 30th. Truist Financial decreased their price target 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. Wall Street Zen raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th.

Institutional Trading of TAT Technologies

A number of institutional investors have recently modified their holdings of the company. Wasatch Advisors LP increased its position in TAT Technologies by 143.0% during the 2nd quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company’s stock worth $23,858,000 after purchasing an additional 459,693 shares in the last quarter. Boston Partners purchased a new stake in TAT Technologies during the second quarter worth approximately $13,205,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of TAT Technologies in the second quarter worth $11,025,000. Penn Capital Management Company LLC raised its stake in shares of TAT Technologies by 1,063.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after acquiring an additional 327,015 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in shares of TAT Technologies during the 3rd quarter valued at $10,150,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

TAT Technologies Stock Performance

NASDAQ TATT opened at $50.28 on Friday. The business’s 50-day moving average price is $47.27 and its 200 day moving average price is $41.84. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. TAT Technologies has a twelve month low of $23.37 and a twelve month high of $54.80. The company has a market capitalization of $631.52 million, a PE ratio of 37.80 and a beta of 0.93.

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

About TAT Technologies

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.