TAT Technologies (NASDAQ:TATT) Rating Lowered to Hold (C+) at Weiss Ratings

TAT Technologies (NASDAQ:TATT) was downgraded by investment analysts at Weiss Ratings from a “buy (b-)” rating to a “hold (c+)” rating in a research note issued to investors on Wednesday,Weiss Ratings reports.

TATT has been the topic of several other reports. Wall Street Zen upgraded shares of TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, August 17th. Benchmark increased their target price on shares of TAT Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. 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 target price on the stock. Zacks Research upgraded shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Finally, Stifel Nicolaus began coverage on shares of TAT Technologies in a report on Tuesday, September 16th. They issued a “buy” rating and a $44.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $38.00.

TAT Technologies Stock Performance

TATT opened at $44.76 on Wednesday. The firm has a market cap of $562.19 million, a P/E ratio of 36.69 and a beta of 0.91. TAT Technologies has a 1-year low of $16.54 and a 1-year high of $45.26. The company has a 50 day simple moving average of $38.12 and a two-hundred day simple moving average of $32.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.67 and a quick ratio of 2.42.

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

Institutional Trading of TAT Technologies

A number of institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its stake in TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after purchasing an additional 4,474 shares in the last quarter. Wasatch Advisors LP raised its position in TAT Technologies by 143.0% during the 2nd quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company’s stock worth $23,858,000 after buying an additional 459,693 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in TAT Technologies during the 2nd quarter worth approximately $352,000. Bank of America Corp DE raised its position in TAT Technologies by 713.2% during the 2nd quarter. Bank of America Corp DE now owns 56,085 shares of the aerospace company’s stock worth $1,713,000 after buying an additional 49,188 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in TAT Technologies during the 2nd quarter worth approximately $228,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.