TAT Technologies (NASDAQ:TATT) Now Covered by Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of TAT Technologies (NASDAQ:TATT) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $44.00 target price on the aerospace company’s stock.

Several other equities analysts also recently issued reports on the stock. Lake Street Capital began coverage on shares of TAT Technologies in a report on Wednesday, June 18th. They set a “buy” rating and a $37.00 price target for the company. Wall Street Zen raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, August 17th. Truist Financial began coverage on shares of TAT Technologies in a research report on Wednesday, June 4th. They issued a “buy” rating and a $35.00 target price for the company. Benchmark raised their price target on shares of TAT Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. Finally, Zacks Research upgraded TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, TAT Technologies currently has an average rating of “Buy” and an average price target of $38.00.

TAT Technologies Stock Up 0.6%

NASDAQ:TATT opened at $38.80 on Tuesday. The company has a current ratio of 4.67, a quick ratio of 2.42 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $34.80 and a 200-day moving average of $30.54. The firm has a market capitalization of $487.33 million, a PE ratio of 31.80 and a beta of 0.78. TAT Technologies has a 52 week low of $16.25 and a 52 week high of $41.00.

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

Institutional Investors Weigh In On TAT Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtus Advisers LLC bought a new position in TAT Technologies during the 1st quarter valued at $45,000. Catalyst Capital Advisors LLC acquired a new stake in shares of TAT Technologies in the first quarter valued at $63,000. Osaic Holdings Inc. boosted its stake in TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after buying an additional 4,474 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in TAT Technologies during the first quarter worth about $207,000. Finally, Morgan Dempsey Capital Management LLC raised its position in TAT Technologies by 72.5% in the second quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 3,050 shares in the last quarter. 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.