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

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have received a consensus rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $57.2857.

A number of equities analysts have issued reports on TATT shares. Truist Financial raised shares of TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Stifel Nicolaus boosted their price target on shares of TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Wall Street Zen downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Benchmark boosted their price target on shares of TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, March 12th.

Insider Buying and Selling at TAT Technologies

In related news, COO Jason Lewandowski sold 3,125 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total value of $122,562.50. Following the transaction, the chief operating officer directly owned 3,125 shares of the company’s stock, valued at approximately $122,562.50. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.75% of the company’s stock.

Hedge Funds Weigh In On TAT Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Greenline Wealth Management LLC purchased a new position in shares of TAT Technologies in the 4th quarter worth about $41,000. Royal Bank of Canada boosted its holdings in shares of TAT Technologies by 978.8% in the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock worth $50,000 after buying an additional 1,018 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of TAT Technologies in the 3rd quarter worth about $53,000. Quantbot Technologies LP purchased a new position in shares of TAT Technologies in the 3rd quarter worth about $121,000. Finally, Axxcess Wealth Management LLC purchased a new position in shares of TAT Technologies in the 3rd quarter worth about $225,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Price Performance

TATT opened at $45.15 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.69 and a quick ratio of 2.46. The company has a market capitalization of $586.05 million, a price-to-earnings ratio of 35.00 and a beta of 1.00. The firm’s fifty day moving average price is $39.46 and its two-hundred day moving average price is $45.23. TAT Technologies has a 1 year low of $25.58 and a 1 year high of $64.50.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $41.15 million for the quarter, compared to the consensus estimate of $40.25 million. TAT Technologies had a net margin of 9.27% and a return on equity of 9.47%. As a group, analysts anticipate that TAT Technologies will post 1.52 earnings per share for the current fiscal year.

About TAT Technologies

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.