TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 225,083 shares, a growth of 34.0% from the March 15th total of 167,943 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 290,328 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On TAT Technologies

A number of large investors have recently bought and sold shares of the business. Greenline Wealth Management LLC bought a new position in TAT Technologies in the fourth quarter worth about $41,000. Royal Bank of Canada lifted its holdings in TAT Technologies by 978.8% in the fourth quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock worth $50,000 after acquiring an additional 1,018 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies during the third quarter valued at approximately $53,000. Morgan Dempsey Capital Management LLC raised its holdings in shares of TAT Technologies by 17.2% during the third quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock valued at $372,000 after buying an additional 1,249 shares during the last quarter. Finally, Fred Alger Management LLC raised its holdings in shares of TAT Technologies by 12.4% during the fourth quarter. Fred Alger Management LLC now owns 11,640 shares of the aerospace company’s stock valued at $520,000 after buying an additional 1,280 shares during the last quarter. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Stock Performance

NASDAQ TATT traded down $2.24 during trading hours on Wednesday, reaching $42.55. The company’s stock had a trading volume of 181,616 shares, compared to its average volume of 171,518. The company has a current ratio of 4.89, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $49.89 and a 200 day simple moving average of $45.84. TAT Technologies has a 52 week low of $24.56 and a 52 week high of $64.50. The stock has a market cap of $552.30 million, a PE ratio of 30.98 and a beta of 1.11.

TAT Technologies (NASDAQ:TATT) last issued its earnings results on Wednesday, March 18th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). TAT Technologies had a return on equity of 10.69% and a net margin of 9.45%.The business had revenue of $46.53 million during the quarter, compared to the consensus estimate of $48.04 million.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TATT shares. Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Freedom Capital upgraded TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Benchmark lifted their price target on TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of TAT Technologies in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded TAT Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $57.29.

TAT Technologies Company Profile

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.