Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Declines By 28.0%

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 135,083 shares, a decrease of 28.0% from the December 31st total of 187,500 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 199,433 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 199,433 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.2% of the shares of the stock are sold short.

TAT Technologies Price Performance

TATT stock opened at $50.88 on Friday. The stock has a market capitalization of $639.31 million, a price-to-earnings ratio of 38.26 and a beta of 0.89. The firm’s 50-day moving average price is $45.37 and its two-hundred day moving average price is $40.70. The company has a current ratio of 4.44, a quick ratio of 2.34 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 $54.80.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. Benchmark began coverage on shares of TAT Technologies in a research note on Monday, November 17th. They issued a “buy” rating and a $53.00 price target for the company. Wall Street Zen raised TAT Technologies from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Jones Trading initiated coverage on TAT Technologies in a report on Friday, October 10th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $51.33.

Hedge Funds Weigh In On TAT Technologies

Hedge funds have recently made changes to their positions in the business. Huntleigh Advisors Inc. lifted its stake in TAT Technologies by 5.4% in the fourth quarter. Huntleigh Advisors Inc. now owns 40,166 shares of the aerospace company’s stock worth $1,794,000 after acquiring an additional 2,065 shares during the period. Calamos Advisors LLC boosted its stake in shares of TAT Technologies by 288.9% during the 4th quarter. Calamos Advisors LLC now owns 94,695 shares of the aerospace company’s stock valued at $4,229,000 after purchasing an additional 70,345 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of 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 valued at $17,283,000 after buying an additional 185,574 shares during the period. Oak Ridge Investments LLC purchased a new position in shares of TAT Technologies during the fourth quarter valued at about $1,160,000. Finally, Tower View Wealth Management LLC bought a new position in TAT Technologies in the fourth quarter worth about $1,568,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Company Profile

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.