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

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been assigned an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.40.

Several brokerages recently weighed in on TATT. Zacks Research upgraded TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Stifel Nicolaus began coverage on TAT Technologies in a report on Tuesday, September 16th. They set a “buy” rating and a $44.00 target price for the company. Weiss Ratings cut TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Wall Street Zen upgraded TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, August 17th. Finally, Lake Street Capital began coverage on TAT Technologies in a report on Wednesday, June 18th. They set a “buy” rating and a $37.00 target price for the company.

TAT Technologies Price Performance

TATT opened at $41.91 on Friday. The stock has a 50-day moving average price of $38.43 and a 200-day moving average price of $32.55. TAT Technologies has a 12-month low of $17.28 and a 12-month high of $45.40. The company has a current ratio of 4.67, a quick ratio of 2.42 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $526.39 million, a P/E ratio of 34.35 and a beta of 0.91.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $43.10 million during the quarter, compared to analysts’ expectations of $43.85 million. TAT Technologies had a return on equity of 10.90% and a net margin of 8.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtus Advisers LLC bought a new position in TAT Technologies during the 1st quarter valued at approximately $45,000. Catalyst Capital Advisors LLC bought a new position in TAT Technologies during the 1st quarter valued at approximately $63,000. Osaic Holdings Inc. raised its position in TAT Technologies by 470.9% during the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 4,474 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in TAT Technologies during the 1st quarter valued at approximately $207,000. Finally, Morgan Dempsey Capital Management LLC raised its position in TAT Technologies by 72.5% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 3,050 shares during the last quarter. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Company Profile

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.