TAT Technologies (NASDAQ:TATT) Lowered to Hold Rating by Wall Street Zen

TAT Technologies (NASDAQ:TATT) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other research analysts have also recently commented on the company. Zacks Research cut TAT Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Truist Financial dropped their price target on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Benchmark assumed coverage on shares of TAT Technologies in a report on Monday, November 17th. They issued a “buy” rating and a $53.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Finally, Jones Trading started coverage on shares of TAT Technologies in a research note on Friday, October 10th. They issued a “buy” rating and a $50.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.80.

TAT Technologies Stock Performance

NASDAQ:TATT opened at $45.47 on Friday. The firm’s fifty day simple moving average is $40.30 and its 200 day simple moving average is $36.99. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. TAT Technologies has a twelve month low of $22.57 and a twelve month high of $46.45. The firm has a market capitalization of $571.10 million, a price-to-earnings ratio of 34.19 and a beta of 0.89.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). TAT Technologies had a net margin of 9.08% and a return on equity of 11.10%. The firm had revenue of $46.24 million for the quarter, compared to analysts’ expectations of $46.27 million.

Institutional Trading of TAT Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new position in TAT Technologies during the 3rd quarter valued at approximately $53,000. Morgan Dempsey Capital Management LLC lifted its stake in TAT Technologies by 17.2% in the third quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock valued at $372,000 after buying an additional 1,249 shares during the last quarter. Huntleigh Advisors Inc. boosted its holdings in shares of TAT Technologies by 3.7% during the third quarter. Huntleigh Advisors Inc. now owns 38,101 shares of the aerospace company’s stock valued at $1,678,000 after acquiring an additional 1,345 shares during the period. GSA Capital Partners LLP lifted its position in TAT Technologies by 14.6% in the 3rd quarter. GSA Capital Partners LLP now owns 11,854 shares of the aerospace company’s stock valued at $522,000 after purchasing an additional 1,511 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in TAT Technologies in the 3rd quarter valued at about $121,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

About TAT Technologies

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.