TAT Technologies Ltd. (NASDAQ:TATT) Given Consensus Rating of “Buy” by Brokerages

TAT Technologies Ltd. (NASDAQ:TATT) has earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $57.8571.

Several equities analysts have recently weighed in on TATT shares. Truist Financial upgraded TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings raised TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Benchmark restated a “buy” rating on shares of TAT Technologies in a report on Wednesday, July 15th. William Blair reaffirmed a “hold” rating on shares of TAT Technologies in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, May 22nd.

Insider Buying and Selling at TAT Technologies

In related news, COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total value of $122,562.50. Following the completion of the transaction, the chief operating officer directly owned 3,125 shares of the company’s stock, valued at approximately $122,562.50. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Maness sold 5,000 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $45.41, for a total value of $227,050.00. Following the transaction, the insider owned 5,000 shares of the company’s stock, valued at approximately $227,050. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 8.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Oak Ridge Investments LLC acquired a new stake in TAT Technologies in the 4th quarter valued at approximately $1,160,000. Next Century Growth Investors LLC bought a new stake in TAT Technologies in the 4th quarter valued at approximately $5,902,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in TAT Technologies by 92.1% during 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 last quarter. Calamos Advisors LLC boosted its position in TAT Technologies by 288.9% during the 4th quarter. Calamos Advisors LLC now owns 94,695 shares of the aerospace company’s stock worth $4,229,000 after acquiring an additional 70,345 shares during the last quarter. Finally, Tower View Wealth Management LLC bought a new position in shares of TAT Technologies during the 4th quarter worth approximately $1,568,000. 15.13% of the stock is owned by institutional investors and hedge funds.

TAT Technologies Trading Up 3.2%

NASDAQ:TATT opened at $40.36 on Friday. TAT Technologies has a 1-year low of $31.52 and a 1-year high of $64.50. The business’s 50-day moving average price is $42.99 and its two-hundred day moving average price is $44.52. The company has a current ratio of 4.83, a quick ratio of 2.61 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $524.68 million, a price-to-earnings ratio of 25.22 and a beta of 1.00.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, August 5th. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $52.94 million during the quarter, compared to analyst estimates of $44.86 million. TAT Technologies had a return on equity of 9.84% and a net margin of 11.26%. On average, equities analysts expect that TAT Technologies will post 1.39 earnings per share for the current 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.