TAT Technologies (NASDAQ:TATT) Issues Earnings Results

TAT Technologies (NASDAQ:TATT) posted its quarterly earnings data on Monday. The aerospace company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04, Zacks reports. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The company had revenue of $42.14 million during the quarter, compared to analysts’ expectations of $41.70 million.

TAT Technologies Stock Performance

Shares of TAT Technologies stock opened at $34.82 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a 1 year low of $12.61 and a 1 year high of $36.49. The firm’s 50-day simple moving average is $28.47 and its 200-day simple moving average is $26.67. The firm has a market cap of $380.93 million, a PE ratio of 47.05 and a beta of 0.72.

Analyst Upgrades and Downgrades

TATT has been the subject of a number of analyst reports. StockNews.com downgraded TAT Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. Benchmark lifted their price target on shares of TAT Technologies from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, April 3rd.

Hedge Funds Weigh In On TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. Jane Street Group LLC lifted its position in TAT Technologies Ltd. (NASDAQ:TATT) by 125.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,344 shares of the aerospace company’s stock after acquiring an additional 18,020 shares during the quarter. Jane Street Group LLC owned 0.30% of TAT Technologies worth $889,000 as of its most recent SEC filing. 15.13% of the stock is owned by institutional investors.

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.