TAT Technologies Ltd. (NASDAQ:TATT) Given Average Rating of “Buy” by Brokerages

TAT Technologies Ltd. (NASDAQ:TATT) has been given a consensus rating of “Buy” by the ten analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $57.8571.

Several research analysts have commented on TATT shares. B. Riley Financial raised their price objective on TAT Technologies from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd. Benchmark restated a “buy” rating on shares of TAT Technologies in a research note on Tuesday, August 25th. William Blair reaffirmed a “hold” rating on shares of TAT Technologies in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th.

TAT Technologies Price Performance

TAT Technologies stock opened at $36.33 on Tuesday. The firm has a fifty day moving average of $41.52 and a 200-day moving average of $43.48. TAT Technologies has a 52-week low of $31.52 and a 52-week high of $64.50. The company has a quick ratio of 2.61, a current ratio of 4.83 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $472.29 million, a P/E ratio of 22.71 and a beta of 1.00.

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, beating the consensus estimate of $0.30 by $0.05. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. The business had revenue of $52.94 million for the quarter, compared to analyst estimates of $44.86 million. As a group, analysts predict that TAT Technologies will post 1.39 EPS for the current year.

Insider Activity at TAT Technologies

In related news, insider Paul Maness sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $45.41, for a total value of $227,050.00. Following the transaction, 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.75% of the company’s stock.

Hedge Funds Weigh In On TAT Technologies

Institutional investors have recently made changes to their positions in the business. Meitav Investment House Ltd. boosted its stake in shares of TAT Technologies by 0.3% during the 1st quarter. Meitav Investment House Ltd. now owns 1,211,860 shares of the aerospace company’s stock valued at $47,989,000 after buying an additional 3,122 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of TAT Technologies by 5.5% in the third quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after buying an additional 43,022 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of TAT Technologies by 26.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock worth $18,405,000 after buying an additional 95,756 shares during the last quarter. Wellington Management Group LLP acquired a new stake in TAT Technologies in the second quarter valued at $21,213,000. Finally, Russell Investments Group Ltd. boosted its stake in TAT Technologies by 71.2% during the 4th quarter. Russell Investments Group Ltd. now owns 258,153 shares of the aerospace company’s stock valued at $11,529,000 after acquiring an additional 107,353 shares during the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

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.