TAT Technologies Ltd. (NASDAQ:TATT) Receives $57.29 Consensus Price Target from Brokerages

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $57.2857.

A number of analysts recently weighed in on TATT shares. Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd. Weiss Ratings downgraded TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. B. Riley Financial initiated coverage on TAT Technologies in a research report on Wednesday, April 8th. They set a “buy” rating and a $61.00 target price on the stock. Truist Financial upgraded TAT Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Benchmark boosted their target price on TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th.

Insiders Place Their Bets

In other TAT Technologies news, COO Jason Lewandowski sold 3,125 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $39.22, for a total transaction of $122,562.50. Following the sale, the chief operating officer directly owned 3,125 shares in the company, valued at approximately $122,562.50. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Maness sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $45.41, for a total value of $227,050.00. Following the sale, the insider owned 5,000 shares in the company, valued at approximately $227,050. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.75% of the stock is currently owned by insiders.

Institutional Trading of TAT Technologies

Institutional investors have recently bought and sold shares of the company. Greenline Wealth Management LLC purchased a new stake in TAT Technologies during the fourth quarter worth $41,000. Royal Bank of Canada raised its holdings in shares of TAT Technologies by 978.8% in the fourth quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock worth $50,000 after acquiring an additional 1,018 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of TAT Technologies in the third quarter worth $53,000. Quantbot Technologies LP acquired a new position in shares of TAT Technologies in the third quarter worth $121,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of TAT Technologies in the third quarter worth $225,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

TAT Technologies Stock Down 1.9%

TAT Technologies stock opened at $42.54 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. TAT Technologies has a 1-year low of $28.00 and a 1-year high of $64.50. The company has a market cap of $552.17 million, a PE ratio of 32.98 and a beta of 1.00. The stock’s 50 day moving average price is $39.62 and its 200 day moving average price is $45.41.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%.The firm had revenue of $41.15 million for the quarter, compared to the consensus estimate of $40.25 million. On average, sell-side analysts predict that TAT Technologies will post 1.52 EPS 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.