B. Riley Financial reissued their buy rating on shares of TAT Technologies (NASDAQ:TATT – Free Report) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $63.00 price objective on the aerospace company’s stock, up from their previous price objective of $60.00.
TATT has been the topic of several other research reports. Weiss Ratings lowered shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Benchmark reiterated a “buy” rating on shares of TAT Technologies in a report on Tuesday, August 25th. UBS Group reiterated a “buy” rating on shares of TAT Technologies in a report on Tuesday. Finally, William Blair reissued a “hold” rating on shares of TAT Technologies in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, TAT Technologies has an average rating of “Moderate Buy” and a consensus target price of $58.83.
Check Out Our Latest Report on TATT
TAT Technologies Stock Down 5.7%
TAT Technologies stock opened at $35.91 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.61 and a current ratio of 4.97. TAT Technologies has a 52-week low of $30.47 and a 52-week high of $64.50. The firm has a 50 day moving average price of $35.52 and a two-hundred day moving average price of $42.18. The firm has a market cap of $466.76 million, a price-to-earnings ratio of 19.84 and a beta of 1.04.
TAT Technologies (NASDAQ:TATT – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The aerospace company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.19. TAT Technologies had a net margin of 12.17% and a return on equity of 11.02%. The company had revenue of $55.56 million for the quarter, compared to analyst estimates of $52.84 million. Equities analysts predict that TAT Technologies will post 1.64 EPS for the current year.
Institutional Trading of TAT Technologies
Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP bought a new stake in TAT Technologies in the second quarter valued at $21,213,000. Renaissance Technologies LLC raised its holdings in shares of TAT Technologies by 14.9% during the first quarter. Renaissance Technologies LLC now owns 203,402 shares of the aerospace company’s stock valued at $8,264,000 after purchasing an additional 26,400 shares during the period. Walleye Capital LLC acquired a new position in shares of TAT Technologies during the first quarter valued at about $1,054,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of TAT Technologies by 26.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock valued at $18,405,000 after purchasing an additional 95,756 shares during the period. Finally, Wasatch Advisors LP boosted its position in shares of TAT Technologies by 35.1% during the 2nd quarter. Wasatch Advisors LP now owns 768,702 shares of the aerospace company’s stock worth $37,074,000 after purchasing an additional 199,622 shares in the last quarter. Institutional investors own 15.13% of the company’s stock.
About TAT Technologies
TAT Technologies Ltd. is an aerospace and defense company headquartered in Netanya, Israel. The company develops, manufactures, and services thermal-management and other specialized systems used in commercial, military, business, and general aviation applications.
Its product portfolio includes heat exchangers, air-conditioning and environmental-control components, air-cycle machines, pre-coolers, oil coolers, fuel heaters, pumps, and related aircraft systems. TAT also provides maintenance, repair, and overhaul services for aircraft heat-transfer equipment, auxiliary power units, landing-gear components, and other aviation parts.
Through its operations in Israel and the United States, TAT Technologies serves aircraft manufacturers, airlines, aerospace and defense contractors, and government customers.
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