TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 187,500 shares, a decrease of 19.4% from the December 15th total of 232,670 shares. Based on an average trading volume of 159,069 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 159,069 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On TAT Technologies

A number of institutional investors have recently added to or reduced their stakes in TATT. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies in the 3rd quarter valued at approximately $53,000. Quantbot Technologies LP acquired a new stake in TAT Technologies in the 3rd quarter valued at $121,000. GWN Securities Inc. bought a new stake in TAT Technologies in the third quarter valued at $202,000. Axxcess Wealth Management LLC acquired a new position in TAT Technologies during the third quarter worth $225,000. Finally, Osaic Holdings Inc. raised its stake in TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 4,474 shares in the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TATT has been the subject of a number of research reports. Truist Financial reduced their price objective on TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Wall Street Zen lowered TAT Technologies from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Loop Capital set a $53.00 price target on TAT Technologies in a research note on Tuesday, December 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Finally, Jones Trading assumed coverage on shares of TAT Technologies in a research note on Friday, October 10th. They issued a “buy” rating and a $50.00 target price for the company. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.33.

TAT Technologies Stock Performance

Shares of NASDAQ:TATT traded down $0.40 during midday trading on Tuesday, hitting $52.00. The company’s stock had a trading volume of 48,916 shares, compared to its average volume of 181,890. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. The stock’s 50 day simple moving average is $43.04 and its 200 day simple moving average is $39.48. The stock has a market capitalization of $653.12 million, a price-to-earnings ratio of 38.81 and a beta of 0.89. TAT Technologies has a fifty-two week low of $23.37 and a fifty-two week high of $53.74.

TAT Technologies (NASDAQ:TATT) last announced its earnings results on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). TAT Technologies had a net margin of 9.08% and a return on equity of 11.10%. The business had revenue of $46.24 million for the quarter, compared to the consensus estimate of $46.27 million.

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.