TAT Technologies (NASDAQ:TATT) Rating Increased to Buy at 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 to clients and investors on Sunday.

Other analysts also recently issued reports about the stock. Truist Financial assumed coverage on shares of TAT Technologies in a research report on Wednesday, June 4th. They set a “buy” rating and a $35.00 price objective on the stock. Benchmark increased their price objective on shares of TAT Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Finally, Lake Street Capital began coverage on shares of TAT Technologies in a research report on Wednesday, June 18th. They set a “buy” rating and a $37.00 price objective on the stock.

TAT Technologies Stock Performance

Shares of TATT stock opened at $37.06 on Friday. TAT Technologies has a one year low of $14.44 and a one year high of $38.70. The company’s 50-day moving average is $31.19 and its 200 day moving average is $29.27. The company has a market capitalization of $465.66 million, a price-to-earnings ratio of 30.38 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 4.67.

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

Institutional Trading of TAT Technologies

Institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC purchased a new stake in shares of TAT Technologies during the 1st quarter valued at about $1,864,000. Renaissance Technologies LLC boosted its holdings in shares of TAT Technologies by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock valued at $4,861,000 after acquiring an additional 11,799 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of TAT Technologies during the 4th quarter valued at about $368,000. CenterBook Partners LP purchased a new stake in shares of TAT Technologies during the 1st quarter valued at about $252,000. Finally, Marshall Wace LLP purchased a new stake in shares of TAT Technologies during the 4th quarter valued at about $444,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

About TAT Technologies

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.