TAT Technologies’ (TATT) “Buy” Rating Reaffirmed at Lake Street Capital

Lake Street Capital reaffirmed their buy rating on shares of TAT Technologies (NASDAQ:TATT) in a report released on Wednesday morning, MarketBeat.com reports. They currently have a $40.00 price objective on the aerospace company’s stock, up from their prior price objective of $37.00.

A number of other research analysts have also issued reports on TATT. Benchmark upped their target price on shares of TAT Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Truist Financial began coverage on shares of TAT Technologies in a report on Wednesday, June 4th. They issued a “buy” rating and a $35.00 target price on the stock.

TAT Technologies Price Performance

TAT Technologies stock opened at $33.91 on Wednesday. TAT Technologies has a 52 week low of $14.00 and a 52 week high of $38.26. The company has a quick ratio of 1.12, a current ratio of 4.67 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $30.80 and its 200 day simple moving average is $29.20. The firm has a market capitalization of $426.08 million, a PE ratio of 27.80 and a beta of 0.77.

TAT Technologies (NASDAQ:TATT) last released its earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $43.10 million for the quarter, compared to analyst estimates of $43.85 million. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%.

Institutional Trading of TAT Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jump Financial LLC acquired a new stake in TAT Technologies during the 2nd quarter worth approximately $842,000. Marshall Wace LLP increased its position in TAT Technologies by 31.6% during the 2nd quarter. Marshall Wace LLP now owns 80,987 shares of the aerospace company’s stock worth $2,473,000 after purchasing an additional 19,428 shares in the last quarter. Walleye Capital LLC increased its position in TAT Technologies by 49.1% during the 2nd quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company’s stock worth $377,000 after purchasing an additional 4,062 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in TAT Technologies by 70.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,984 shares of the aerospace company’s stock worth $2,316,000 after purchasing an additional 31,104 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in TAT Technologies during the 2nd quarter worth approximately $1,060,000. Institutional investors and hedge funds 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.