TAT Technologies (NASDAQ:TATT) Upgraded by StockNews.com to Buy Rating

TAT Technologies (NASDAQ:TATT) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Benchmark upped their price target on TAT Technologies from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, April 3rd.

TAT Technologies Trading Down 1.3 %

TATT opened at $25.40 on Friday. TAT Technologies has a 52 week low of $11.58 and a 52 week high of $33.83. The company has a market capitalization of $277.88 million, a P/E ratio of 34.32 and a beta of 0.75. The stock’s fifty day moving average is $26.69 and its two-hundred day moving average is $25.18. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $38.00 million during the quarter, compared to the consensus estimate of $38.00 million. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

Institutional Trading of TAT Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of TAT Technologies by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock worth $4,861,000 after acquiring an additional 11,799 shares in the last quarter. Wasatch Advisors LP acquired a new position in TAT Technologies in the 4th quarter worth about $4,349,000. Arrowstreet Capital Limited Partnership boosted its position in TAT Technologies by 142.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock worth $1,019,000 after purchasing an additional 22,987 shares in the last quarter. Marshall Wace LLP acquired a new stake in TAT Technologies in the fourth quarter valued at approximately $444,000. Finally, JPMorgan Chase & Co. increased its position in shares of TAT Technologies by 7.9% in the fourth quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company’s stock valued at $385,000 after buying an additional 1,100 shares in the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

About TAT Technologies

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.