TAT Technologies (NASDAQ:TATT) Price Target Lowered to $52.00 at Truist Financial

TAT Technologies (NASDAQ:TATT) had its target price lowered by Truist Financial from $56.00 to $52.00 in a report released on Friday,Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

Several other analysts have also recently issued reports on TATT. Zacks Research cut shares of TAT Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Jones Trading started coverage on shares of TAT Technologies in a report on Friday, October 10th. They set a “buy” rating and a $50.00 target price on the stock. Weiss Ratings cut shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their price target on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wall Street Zen upgraded TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, August 17th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, TAT Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

TAT Technologies Trading Up 0.7%

NASDAQ:TATT traded up $0.26 during trading hours on Friday, reaching $40.04. 136,558 shares of the stock were exchanged, compared to its average volume of 143,351. TAT Technologies has a twelve month low of $18.87 and a twelve month high of $45.83. The business has a 50-day moving average of $40.79 and a two-hundred day moving average of $34.91. The company has a market capitalization of $503.10 million, a price-to-earnings ratio of 32.82 and a beta of 0.85. The company has a quick ratio of 2.42, a current ratio of 4.67 and a debt-to-equity ratio of 0.06.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%. The firm had revenue of $46.24 million during the quarter, compared to analyst estimates of $46.27 million.

Hedge Funds Weigh In On TAT Technologies

Several large investors have recently bought and sold shares of the business. Virtus Advisers LLC purchased a new stake in TAT Technologies during the 1st quarter worth about $45,000. PNC Financial Services Group Inc. purchased a new stake in TAT Technologies during the third quarter worth approximately $53,000. Quantbot Technologies LP acquired a new position in TAT Technologies in the third quarter valued at approximately $121,000. Osaic Holdings Inc. boosted its holdings in TAT Technologies by 470.9% in the second 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 in the last quarter. Finally, GWN Securities Inc. purchased a new position in TAT Technologies in the third quarter valued at approximately $202,000. Hedge funds and other 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.