TAT Technologies (NASDAQ:TATT) Stock Rating Upgraded by Wall Street Zen

TAT Technologies (NASDAQ:TATT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other research analysts have also recently issued reports on the company. Benchmark upped their price target on TAT Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Lake Street Capital began coverage on TAT Technologies in a report on Wednesday, June 18th. They issued a “buy” rating and a $37.00 price target on the stock. Finally, Truist Financial began coverage on TAT Technologies in a report on Wednesday, June 4th. They issued a “buy” rating and a $35.00 price target on the stock.

TAT Technologies Price Performance

Shares of NASDAQ:TATT opened at $31.18 on Friday. TAT Technologies has a 12 month low of $12.61 and a 12 month high of $36.49. The stock has a market cap of $391.62 million, a price-to-earnings ratio of 26.65 and a beta of 0.72. The stock’s 50 day moving average price is $29.52 and its 200 day moving average price is $28.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.87 and a quick ratio of 1.12.

TAT Technologies (NASDAQ:TATT) last announced its earnings results on Monday, May 19th. The aerospace company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. TAT Technologies had a return on equity of 11.90% and a net margin of 8.04%. The firm had revenue of $42.14 million for the quarter, compared to analysts’ expectations of $41.70 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new position in TAT Technologies during the 1st quarter worth approximately $207,000. Jane Street Group LLC grew its position in TAT Technologies by 125.8% during the 1st 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. Cubist Systematic Strategies LLC purchased a new position in TAT Technologies during the 1st quarter worth approximately $273,000. Virtus Advisers LLC purchased a new position in TAT Technologies during the 1st quarter worth approximately $45,000. Finally, Walleye Capital LLC purchased a new position in TAT Technologies during the 1st quarter worth approximately $228,000. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Company Profile

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.