Analysts Set TAT Technologies Ltd. (NASDAQ:TATT) PT at $53.17

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been given a consensus rating of “Buy” by the eight analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $53.1667.

A number of analysts recently weighed in on TATT shares. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Truist Financial lowered their price objective on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a report on Friday, November 14th. Loop Capital set a $53.00 price objective on shares of TAT Technologies in a research note on Tuesday, December 30th. Stifel Nicolaus lifted their target price on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Benchmark boosted their price target on shares of TAT Technologies from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th.

Hedge Funds Weigh In On TAT Technologies

Large investors have recently bought and sold shares of the stock. Wasatch Advisors LP increased its stake in shares of TAT Technologies by 143.0% in the second 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 period. Boston Partners bought a new stake in TAT Technologies in the 2nd quarter worth $13,205,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of TAT Technologies in the second quarter valued at about $11,025,000. Penn Capital Management Company LLC raised its stake in shares of TAT Technologies by 1,063.4% during the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after acquiring an additional 327,015 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of TAT Technologies during the third quarter valued at about $10,150,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Trading Down 2.2%

NASDAQ TATT opened at $49.19 on Friday. The company has a quick ratio of 2.34, a current ratio of 4.44 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $47.47 and its two-hundred day simple moving average is $42.05. TAT Technologies has a twelve month low of $23.37 and a twelve month high of $54.80. The company has a market capitalization of $617.83 million, a price-to-earnings ratio of 36.99 and a beta of 0.93.

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.