TAT Technologies (NASDAQ:TATT) Upgraded at StockNews.com

StockNews.com upgraded shares of TAT Technologies (NASDAQ:TATT) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Separately, Benchmark raised their price objective on TAT Technologies from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd.

TAT Technologies Stock Performance

NASDAQ:TATT opened at $28.08 on Friday. The firm has a market capitalization of $307.20 million, a PE ratio of 37.95 and a beta of 0.75. The business’s fifty day moving average price is $26.69 and its 200 day moving average price is $25.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. TAT Technologies has a 12 month low of $11.58 and a 12 month high of $33.83.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $38.00 million for the quarter, compared to analyst estimates of $38.00 million. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

Hedge Funds Weigh In On TAT Technologies

Hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of TAT Technologies by 142.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock worth $1,019,000 after purchasing an additional 22,987 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock worth $4,861,000 after buying an additional 11,799 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after buying an additional 2,697 shares during the last quarter. Wasatch Advisors LP purchased a new position in shares of TAT Technologies during the fourth quarter worth about $4,349,000. Finally, IFP Advisors Inc purchased a new position in shares of TAT Technologies during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.