TAT Technologies (NASDAQ:TATT) Raised to “Hold” at Zacks Research

by · The Cerbat Gem

TAT Technologies (NASDAQ:TATT – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on TATT. Wall Street Zen cut shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Truist Financial decreased their price objective on TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Lake Street Capital initiated coverage on TAT Technologies in a report on Tuesday, December 30th. They issued a “buy” rating and a $53.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Finally, Stifel Nicolaus raised their price target on TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.33.

Read Our Latest Research Report on TAT Technologies

TAT Technologies Price Performance

NASDAQ TATT traded down $0.88 during trading on Monday, hitting $51.28. 50,798 shares of the stock traded hands, compared to its average volume of 201,766. The company has a quick ratio of 2.34, a current ratio of 4.44 and a debt-to-equity ratio of 0.06. TAT Technologies has a 12-month low of $23.37 and a 12-month high of $53.59. The firm has a 50-day simple moving average of $42.01 and a 200-day simple moving average of $38.88. The company has a market capitalization of $644.08 million, a P/E ratio of 38.63 and a beta of 0.89.

TAT Technologies (NASDAQ:TATT – Get Free Report) last posted its earnings results on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). TAT Technologies had a net margin of 9.08% and a return on equity of 11.10%. The firm had revenue of $46.24 million for the quarter, compared to the consensus estimate of $46.27 million.

Institutional Investors Weigh In On TAT Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TATT. Goldman Sachs Group Inc. purchased a new position in shares of TAT Technologies during the first quarter worth approximately $207,000. Jane Street Group LLC grew its stake in TAT Technologies by 125.8% in the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock worth $889,000 after purchasing an additional 18,020 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in TAT Technologies by 61.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 1,454,618 shares of the aerospace company’s stock worth $44,722,000 after purchasing an additional 555,286 shares during the period. Valmark Advisers Inc. bought a new stake in TAT Technologies during the 2nd quarter valued at $653,000. Finally, Legal Advantage Investments Inc. purchased a new stake in shares of TAT Technologies in the 2nd quarter worth $397,000. Institutional investors own 15.13% of the company’s stock.

About TAT Technologies

(Get Free Report)

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.

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