TAT Technologies (NASDAQ:TATT) Upgraded at B. Riley Financial

B. Riley Financial upgraded shares of TAT Technologies (NASDAQ:TATT) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

TATT has been the topic of several other reports. Freedom Capital raised shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a report on Friday, March 27th. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Loop Capital set a $53.00 price target on shares of TAT Technologies in a report on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, TAT Technologies has an average rating of “Buy” and an average price target of $57.29.

TAT Technologies Price Performance

NASDAQ:TATT opened at $43.03 on Tuesday. TAT Technologies has a one year low of $24.56 and a one year high of $64.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 4.89. The firm has a market cap of $558.53 million, a price-to-earnings ratio of 31.41 and a beta of 1.11. The firm’s fifty day moving average is $50.19 and its two-hundred day moving average is $45.69.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings results on Wednesday, March 18th. The aerospace company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). TAT Technologies had a net margin of 9.45% and a return on equity of 10.69%. The business had revenue of $46.53 million during the quarter, compared to analysts’ expectations of $48.04 million.

Institutional Investors Weigh In On TAT Technologies

Several hedge funds have recently modified their holdings of TATT. Goldman Sachs Group Inc. purchased a new stake in shares of TAT Technologies during the 1st quarter worth about $207,000. Jane Street Group LLC boosted its stake in shares of TAT Technologies by 125.8% during the 1st quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock worth $889,000 after acquiring an additional 18,020 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of TAT Technologies by 470.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,618 shares of the aerospace company’s stock worth $2,126,000 after acquiring an additional 57,412 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of TAT Technologies by 70.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 74,984 shares of the aerospace company’s stock worth $2,316,000 after acquiring an additional 31,104 shares in the last quarter. Finally, Walleye Capital LLC boosted its stake in shares of TAT Technologies by 49.1% during the 2nd quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company’s stock worth $377,000 after acquiring an additional 4,062 shares in the last quarter. 15.13% of the stock is owned by hedge funds and other institutional investors.

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.