TAT Technologies (NASDAQ:TATT) Shares Gap Up Following Analyst Upgrade

TAT Technologies Ltd. (NASDAQ:TATT)’s share price gapped up before the market opened on Thursday after Benchmark raised their price target on the stock from $58.00 to $66.00. The stock had previously closed at $57.34, but opened at $59.60. Benchmark currently has a buy rating on the stock. TAT Technologies shares last traded at $56.2320, with a volume of 46,333 shares traded.

TATT has been the topic of a number of other reports. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Freedom Capital raised shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Truist Financial cut 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. Stifel Nicolaus upped their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $59.00 price objective on shares of TAT Technologies in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, TAT Technologies presently has an average rating of “Buy” and a consensus price target of $54.50.

Hedge Funds Weigh In On TAT Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its holdings in TAT Technologies by 143.0% during the second quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company’s stock valued at $23,858,000 after purchasing an additional 459,693 shares during the period. Boston Partners purchased a new position in shares of TAT Technologies during the 2nd quarter valued at $13,205,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of TAT Technologies during the 2nd quarter valued at $11,025,000. Penn Capital Management Company LLC grew its stake in shares of TAT Technologies by 1,063.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock worth $15,768,000 after acquiring an additional 327,015 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of TAT Technologies during the 3rd quarter worth $10,150,000. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Trading Down 1.6%

The firm has a fifty day moving average of $52.47 and a two-hundred day moving average of $44.44. The company has a market cap of $708.67 million, a PE ratio of 42.38 and a beta of 0.93. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06.

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.