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

TAT Technologies Ltd. (NASDAQ:TATT) has received an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $53.1667.

Several brokerages have issued reports on TATT. Truist Financial reduced their price target on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Benchmark lifted their price objective on TAT Technologies from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. Finally, Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TATT. Wasatch Advisors LP boosted its stake in shares of TAT Technologies by 5.5% during the 3rd quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after purchasing an additional 43,022 shares during the last quarter. Boston Partners acquired a new stake in TAT Technologies during the second quarter worth approximately $13,205,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in TAT Technologies by 92.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock worth $17,283,000 after acquiring an additional 185,574 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in TAT Technologies in the 2nd quarter worth approximately $11,025,000. Finally, Penn Capital Management Company LLC raised its holdings in TAT Technologies by 1,063.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after acquiring an additional 327,015 shares during the last quarter. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

TAT Technologies Stock Performance

NASDAQ TATT opened at $50.28 on Friday. The business has a 50 day moving average price of $47.27 and a 200 day moving average price of $41.84. The company has a market capitalization of $631.52 million, a P/E ratio of 37.80 and a beta of 0.93. TAT Technologies has a 1-year low of $23.37 and a 1-year high of $54.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.44 and a quick ratio of 2.34.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.The firm had revenue of $46.24 million for the quarter, compared to analysts’ expectations of $46.27 million.

TAT Technologies Company Profile

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.