TAT Technologies (NASDAQ:TATT) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of TAT Technologies (NASDAQ:TATT) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Truist Financial reduced their price objective on TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Loop Capital set a $53.00 target price on TAT Technologies in a research note on Tuesday, December 30th. Wall Street Zen lowered TAT Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Finally, Benchmark began coverage on TAT Technologies in a research note on Monday, November 17th. They issued a “buy” rating and a $53.00 price target for the company. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TAT Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $51.33.

TAT Technologies Stock Down 1.5%

TAT Technologies stock traded down $0.78 during midday trading on Monday, hitting $51.38. The stock had a trading volume of 50,755 shares, compared to its average volume of 201,766. The business has a fifty day moving average price of $42.01 and a 200 day moving average price of $38.88. TAT Technologies has a 12 month low of $23.37 and a 12 month high of $53.59. The stock has a market cap of $645.37 million, a P/E ratio of 38.70 and a beta of 0.89. 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 (NASDAQ:TATT) last released its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share 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 for the quarter, compared to analyst estimates of $46.27 million.

Institutional Trading of TAT Technologies

Several large investors have recently added to or reduced their stakes in TATT. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies during the third quarter worth approximately $53,000. Quantbot Technologies LP acquired a new stake in TAT Technologies during the 3rd quarter worth $121,000. GWN Securities Inc. acquired a new stake in TAT Technologies during the 3rd quarter worth $202,000. Axxcess Wealth Management LLC bought a new stake in shares of TAT Technologies during the 3rd quarter valued at $225,000. Finally, Osaic Holdings Inc. lifted its stake in shares of TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 4,474 shares during the period. 15.13% of the stock is owned by institutional investors and hedge funds.

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.