TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 187,500 shares, a decline of 19.4% from the December 15th total of 232,670 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 159,069 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 159,069 shares, the short-interest ratio is currently 1.2 days. Currently, 1.6% of the company’s stock are short sold.

Institutional Investors Weigh In On TAT Technologies

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new stake in shares of TAT Technologies during the third quarter worth about $53,000. Quantbot Technologies LP acquired a new stake in TAT Technologies in the 3rd quarter worth approximately $121,000. Osaic Holdings Inc. grew its position in TAT Technologies by 470.9% during 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 during the last quarter. GWN Securities Inc. acquired a new position in TAT Technologies during the 3rd quarter valued at approximately $202,000. Finally, Goldman Sachs Group Inc. acquired a new position in TAT Technologies during the 1st quarter valued at approximately $207,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TATT. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Truist Financial dropped their target price on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Loop Capital set a $53.00 price target on shares of TAT Technologies in a report on Tuesday, December 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Finally, Benchmark started coverage on shares of TAT Technologies in a report on Monday, November 17th. They set a “buy” rating and a $53.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, TAT Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.33.

TAT Technologies Price Performance

Shares of TATT opened at $52.30 on Wednesday. The company has a 50 day moving average of $43.30 and a two-hundred day moving average of $39.63. The company has a quick ratio of 2.34, a current ratio of 4.44 and a debt-to-equity ratio of 0.06. TAT Technologies has a twelve month low of $23.37 and a twelve month high of $53.74. The company has a market cap of $656.89 million, a price-to-earnings ratio of 39.32 and a beta of 0.89.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings results 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). The business 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%.

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.