TAT Technologies (NASDAQ:TATT) Earns Buy Rating from Analysts at Benchmark

Research analysts at Benchmark initiated coverage on shares of TAT Technologies (NASDAQ:TATT) in a research note issued to investors on Monday, Marketbeat reports. The firm set a “buy” rating on the aerospace company’s stock.

TATT has been the topic of several other reports. Wall Street Zen cut shares of TAT Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Jones Trading started coverage on TAT Technologies in a research note on Friday, October 10th. They issued a “buy” rating and a $50.00 target price for the company. Weiss Ratings raised TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 14th. Stifel Nicolaus upped their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Zacks Research lowered shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.80.

TAT Technologies Stock Down 1.0%

Shares of NASDAQ TATT opened at $38.71 on Monday. The firm’s 50-day moving average is $40.95 and its two-hundred day moving average is $35.17. The company has a market capitalization of $486.39 million, a PE ratio of 31.73 and a beta of 0.85. TAT Technologies has a 12-month low of $20.60 and a 12-month high of $45.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.67 and a quick ratio of 2.42.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TATT. Virtus Advisers LLC acquired a new stake in TAT Technologies in the 1st quarter valued at $45,000. PNC Financial Services Group Inc. purchased a new stake in shares of TAT Technologies during the third quarter valued at approximately $53,000. Quantbot Technologies LP purchased a new stake in shares of TAT Technologies during the third quarter valued at approximately $121,000. Osaic Holdings Inc. lifted its position in shares of TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after purchasing an additional 4,474 shares in the last quarter. Finally, GWN Securities Inc. purchased a new position in shares of TAT Technologies in the third quarter valued at $202,000. 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.