TAT Technologies (NASDAQ:TATT – Get Free Report) announced its quarterly earnings data on Wednesday. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07, FiscalAI reports. The business had revenue of $41.15 million for the quarter, compared to the consensus estimate of $40.25 million. TAT Technologies had a net margin of 9.45% and a return on equity of 10.69%.
TAT Technologies Stock Up 0.8%
TATT opened at $32.69 on Wednesday. TAT Technologies has a fifty-two week low of $25.52 and a fifty-two week high of $64.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.89 and a quick ratio of 2.67. The firm’s fifty day moving average price is $42.12 and its two-hundred day moving average price is $44.85. The company has a market capitalization of $424.32 million, a P/E ratio of 23.86 and a beta of 0.96.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on TATT shares. Stifel Nicolaus raised their price objective on shares of TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. B. Riley Financial started coverage on shares of TAT Technologies in a research note on Wednesday, April 8th. They issued a “buy” rating and a $61.00 price objective on the stock. Weiss Ratings downgraded shares of TAT Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Truist Financial upgraded shares of TAT Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TAT Technologies presently has a consensus rating of “Buy” and a consensus price target of $57.29.
Institutional Investors Weigh In On TAT Technologies
A number of institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new stake in TAT Technologies during the fourth quarter worth $630,000. Millennium Management LLC acquired a new stake in TAT Technologies during the fourth quarter worth $2,034,000. Osaic Holdings Inc. boosted its stake in TAT Technologies by 38.3% during the fourth quarter. Osaic Holdings Inc. now owns 9,661 shares of the aerospace company’s stock worth $431,000 after buying an additional 2,675 shares in the last quarter. Monimus Capital Management LP acquired a new stake in TAT Technologies during the fourth quarter worth $632,000. Finally, Russell Investments Group Ltd. boosted its stake in TAT Technologies by 71.2% during the fourth quarter. Russell Investments Group Ltd. now owns 258,153 shares of the aerospace company’s stock worth $11,529,000 after buying an additional 107,353 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.
About TAT Technologies
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.
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