TAT Technologies (NASDAQ:TATT) Stock Price Up 8.6% – Here’s What Happened

TAT Technologies Ltd. (NASDAQ:TATT) traded up 8.6% during mid-day trading on Monday . The stock traded as high as $51.77 and last traded at $52.0050. 71,922 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 155,176 shares. The stock had previously closed at $47.88.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TATT. Lake Street Capital reaffirmed a “buy” rating and issued a $59.00 target price on shares of TAT Technologies in a research report on Wednesday, February 4th. Loop Capital set a $53.00 price objective on shares of TAT Technologies in a research report on Tuesday, December 30th. Freedom Capital raised shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Truist Financial dropped their price target on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Benchmark boosted 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, TAT Technologies has a consensus rating of “Buy” and a consensus price target of $53.17.

TAT Technologies Stock Performance

The company has a fifty day moving average price of $46.37 and a two-hundred day moving average price of $41.44. The firm has a market cap of $666.32 million, a price-to-earnings ratio of 39.87 and a beta of 0.93. 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 issued its quarterly earnings results on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.The business had revenue of $46.24 million during the quarter, compared to the consensus estimate of $46.27 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TATT. PNC Financial Services Group Inc. acquired a new stake in shares of TAT Technologies during the 3rd quarter valued at $53,000. Quantbot Technologies LP acquired a new position in shares of TAT Technologies in the 3rd quarter valued at $121,000. Osaic Holdings Inc. lifted its stake in TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after buying an additional 4,474 shares in the last quarter. GWN Securities Inc. purchased a new stake in TAT Technologies during the third quarter valued at about $202,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of TAT Technologies in the first quarter worth about $207,000. Institutional investors own 15.13% of the company’s stock.

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.