TAT Technologies (NASDAQ:TATT) Upgraded to Strong-Buy at Benchmark

TAT Technologies (NASDAQ:TATT) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a research note issued on Monday, MarketBeat reports.

TATT has been the subject of a number of other reports. Jones Trading started coverage on shares of TAT Technologies in a research note on Friday, October 10th. They set a “buy” rating and a $50.00 price target for the company. Truist Financial reduced their price objective on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Weiss Ratings upgraded TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 14th. Wall Street Zen cut TAT Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Stifel Nicolaus increased their price target on TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.80.

TAT Technologies Stock Performance

NASDAQ TATT opened at $38.71 on Monday. The business’s 50 day moving average price is $40.95 and its 200-day moving average price is $35.17. TAT Technologies has a fifty-two week low of $20.60 and a fifty-two week high of $45.83. The company has a market cap of $486.39 million, a P/E ratio of 31.73 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.42 and a current ratio of 4.67.

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

Hedge Funds Weigh In On TAT Technologies

A number of institutional investors have recently modified their holdings of TATT. Virtus Advisers LLC bought a new position in TAT Technologies in the first quarter worth approximately $45,000. PNC Financial Services Group Inc. bought a new stake in TAT Technologies during the 3rd quarter valued at $53,000. Quantbot Technologies LP purchased a new stake in shares of TAT Technologies in the 3rd quarter worth $121,000. Osaic Holdings Inc. lifted its holdings in shares of TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after buying an additional 4,474 shares during the period. Finally, GWN Securities Inc. bought a new position in shares of TAT Technologies during the 3rd quarter worth $202,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

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.