TAT Technologies (NASDAQ:TATT) Stock Rating Upgraded by Wall Street Zen

TAT Technologies (NASDAQ:TATT) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Friday.

Several other research analysts also recently weighed in on the stock. Benchmark began coverage on shares of TAT Technologies in a report on Monday, November 17th. They issued a “buy” rating and a $53.00 target price for the company. Lake Street Capital initiated coverage on TAT Technologies in a research note on Tuesday, December 30th. They issued a “buy” rating and a $53.00 price objective for the company. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. Finally, Truist Financial cut their price objective on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, TAT Technologies currently has an average rating of “Buy” and an average price target of $51.33.

TAT Technologies Trading Up 0.7%

TAT Technologies stock opened at $52.54 on Friday. TAT Technologies has a 12-month low of $23.37 and a 12-month high of $53.83. The firm has a market capitalization of $660.17 million, a price-to-earnings ratio of 39.50 and a beta of 0.89. The firm has a 50 day moving average of $44.06 and a 200 day moving average of $40.02. 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 posted its quarterly earnings results on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $46.24 million during the quarter, compared to the consensus estimate of $46.27 million. TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new stake in TAT Technologies in the third quarter worth $53,000. Quantbot Technologies LP purchased a new position in shares of TAT Technologies in the 3rd quarter worth $121,000. Osaic Holdings Inc. increased its holdings 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 worth $166,000 after buying an additional 4,474 shares during the last quarter. GWN Securities Inc. purchased a new stake in shares of TAT Technologies during the 3rd quarter valued at about $202,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of TAT Technologies during the 1st quarter valued at about $207,000. 15.13% of the stock is currently owned by institutional investors.

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.