TAT Technologies (NASDAQ:TATT) Now Covered by Lake Street Capital

Lake Street Capital assumed coverage on shares of TAT Technologies (NASDAQ:TATT) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $53.00 price objective on the aerospace company’s stock.

TATT has been the topic of a number of other reports. Stifel Nicolaus boosted their price target on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Jones Trading assumed coverage on shares of TAT Technologies in a research note on Friday, October 10th. They set a “buy” rating and a $50.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 22nd. Truist Financial cut their target price on TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Finally, Zacks Research downgraded shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, TAT Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $51.33.

TAT Technologies Stock Up 1.6%

Shares of NASDAQ TATT opened at $44.54 on Tuesday. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $40.44 and a 200 day moving average of $37.32. The stock has a market cap of $559.42 million, a PE ratio of 33.49 and a beta of 0.89. TAT Technologies has a 12-month low of $22.57 and a 12-month high of $46.45.

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

Institutional Trading of TAT Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Meitav Investment House Ltd. increased its stake in TAT Technologies by 61.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 1,454,618 shares of the aerospace company’s stock valued at $44,722,000 after buying an additional 555,286 shares during the period. Wasatch Advisors LP increased its stake in shares of TAT Technologies by 5.5% during the third quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after acquiring an additional 43,022 shares during the period. Boston Partners purchased a new position in TAT Technologies during the second quarter worth about $13,205,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in TAT Technologies in the second quarter valued at about $11,025,000. Finally, Penn Capital Management Company LLC boosted its holdings in TAT Technologies by 1,063.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after purchasing an additional 327,015 shares in the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

TAT Technologies Company Profile

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.