TAT Technologies Ltd. (NASDAQ:TATT) Stock Now Rated “Buy” by Wall Street Analysts

TAT Technologies Ltd. (NASDAQ:TATT) has earned an average rating of “Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $57.86.

Several equities research analysts recently weighed in on TATT shares. Weiss Ratings raised TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Benchmark reissued a “buy” rating on shares of TAT Technologies in a research note on Tuesday, August 25th. B. Riley Financial boosted their price target on TAT Technologies from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, William Blair reaffirmed a “hold” rating on shares of TAT Technologies in a research note on Wednesday, July 15th.

TAT Technologies Price Performance

Shares of NASDAQ:TATT opened at $37.57 on Friday. TAT Technologies has a one year low of $31.52 and a one year high of $64.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.83 and a quick ratio of 2.61. The company has a market cap of $488.41 million, a price-to-earnings ratio of 23.48 and a beta of 1.00. The firm has a 50 day simple moving average of $39.13 and a 200 day simple moving average of $41.45.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $52.94 million for the quarter, compared to analysts’ expectations of $44.86 million. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. Research analysts predict that TAT Technologies will post 1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TAT Technologies

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in TAT Technologies by 100.0% in the 2nd quarter. IFP Advisors Inc now owns 1,954 shares of the aerospace company’s stock valued at $94,000 after acquiring an additional 977 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of TAT Technologies during the first quarter worth $228,000. Morgan Dempsey Capital Management LLC grew its stake in shares of TAT Technologies by 10.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 9,393 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 888 shares during the last quarter. Corient Private Wealth LP bought a new stake in shares of TAT Technologies in the second quarter worth $711,000. Finally, Illumine Investment Management LLC acquired a new stake in TAT Technologies in the first quarter valued at $825,000. 15.13% of the stock is owned by institutional investors.

TAT Technologies Company Profile

TAT Technologies Ltd. (NASDAQ: TATT) is an aerospace and defense company that designs, manufactures, and services systems and components used in commercial, military, and business aviation. Its products include heat exchangers, oil coolers, hydraulic coolers, fuel and air-conditioning system components, pre-coolers, and other thermal-management equipment for aircraft and engines.

The company also provides maintenance, repair, and overhaul services for aviation components, including heat-transfer equipment and related systems.