TAT Technologies Ltd. (NASDAQ:TATT) Receives Consensus Recommendation of “Buy” from Analysts

TAT Technologies Ltd. (NASDAQ:TATT – Get Free Report) has been given a consensus rating of “Buy” by the ten research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $57.2857.

A number of research firms have recently issued reports on TATT. Truist Financial raised shares of TAT Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Benchmark reaffirmed a “buy” rating on shares of TAT Technologies in a research report on Wednesday. William Blair reiterated a “hold” rating on shares of TAT Technologies in a report on Wednesday. Weiss Ratings lowered TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Finally, B. Riley Financial assumed coverage on TAT Technologies in a research note on Wednesday, April 8th. They set a “buy” rating and a $61.00 price target on the stock.

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Insiders Place Their Bets

In related news, COO Jason Lewandowski sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $39.22, for a total transaction of $122,562.50. Following the completion of the transaction, the chief operating officer directly owned 3,125 shares in the company, valued at $122,562.50. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Maness sold 5,000 shares of TAT Technologies stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total value of $227,050.00. Following the completion of the transaction, the insider directly owned 5,000 shares of the company’s stock, valued at approximately $227,050. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.75% of the company’s stock.

Institutional Trading of TAT Technologies

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in shares of TAT Technologies in the first quarter valued at approximately $207,000. Jane Street Group LLC lifted its holdings in TAT Technologies by 125.8% during the 1st quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock worth $889,000 after buying an additional 18,020 shares in the last quarter. JPMorgan Chase & Co. boosted its position in TAT Technologies by 470.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 69,618 shares of the aerospace company’s stock valued at $2,126,000 after buying an additional 57,412 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in TAT Technologies by 70.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,984 shares of the aerospace company’s stock valued at $2,316,000 after buying an additional 31,104 shares during the period. Finally, Walleye Capital LLC grew its stake in shares of TAT Technologies by 49.1% in the second quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company’s stock worth $377,000 after acquiring an additional 4,062 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Price Performance

Shares of NASDAQ:TATT opened at $40.20 on Monday. The business has a 50-day moving average price of $42.02 and a 200 day moving average price of $45.85. The company has a current ratio of 4.69, a quick ratio of 2.46 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $521.80 million, a price-to-earnings ratio of 31.16 and a beta of 0.98. TAT Technologies has a 12-month low of $30.35 and a 12-month high of $64.50.

TAT Technologies (NASDAQ:TATT – Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. The firm had revenue of $41.15 million for the quarter, compared to analyst estimates of $40.25 million. TAT Technologies had a net margin of 9.27% and a return on equity of 9.47%. Sell-side analysts expect that TAT Technologies will post 1.52 EPS for the current year.

TAT Technologies Company Profile

(Get Free Report)

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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