Brokerages Set TAT Technologies Ltd. (NASDAQ:TATT) Target Price at $57.29

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

Several research analysts recently weighed in on TATT shares. Truist Financial upgraded TAT Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Benchmark increased their price objective on TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Wall Street Zen lowered TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Lake Street Capital reiterated a “buy” rating and issued a $59.00 price objective on shares of TAT Technologies in a research report on Wednesday, February 4th.

Insiders Place Their Bets

In related news, COO Jason Lewandowski sold 3,125 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 in the company, valued at approximately $122,562.50. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.75% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Meitav Investment House Ltd. lifted its stake in TAT Technologies by 0.3% during the first quarter. Meitav Investment House Ltd. now owns 1,211,860 shares of the aerospace company’s stock worth $47,989,000 after purchasing an additional 3,122 shares in the last quarter. Wasatch Advisors LP lifted its stake in TAT Technologies by 5.5% during the third quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after purchasing an additional 43,022 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in TAT Technologies by 26.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock worth $18,405,000 after purchasing an additional 95,756 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in TAT Technologies by 92.1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock worth $17,283,000 after purchasing an additional 185,574 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its stake in TAT Technologies by 1,063.4% during the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock worth $15,768,000 after purchasing an additional 327,015 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

TAT Technologies Price Performance

TATT stock opened at $41.83 on Friday. 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 business has a 50 day simple moving average of $39.50 and a 200-day simple moving average of $44.78. The firm has a market capitalization of $542.95 million, a PE ratio of 32.43 and a beta of 0.96. TAT Technologies has a 1 year low of $25.52 and a 1 year high of $64.50.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings results on Wednesday, May 20th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $41.15 million during the quarter, compared to analyst estimates of $40.25 million. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%. Equities research 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.