TAT Technologies Ltd. (NASDAQ:TATT) Receives Consensus Recommendation of “Buy” from Analysts

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $57.2857.

A number of brokerages recently weighed in on TATT. Weiss Ratings lowered shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Truist Financial raised TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. Stifel Nicolaus increased their price objective on TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Benchmark reissued a “buy” rating on shares of TAT Technologies in a research note on Wednesday. Finally, William Blair restated a “hold” rating on shares of TAT Technologies in a research report on Wednesday.

Insider Activity

In other TAT Technologies news, COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total transaction of $122,562.50. Following the transaction, the chief operating officer directly owned 3,125 shares in the company, valued at approximately $122,562.50. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Maness sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total transaction of $227,050.00. Following the transaction, the insider owned 5,000 shares in the company, valued at approximately $227,050. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On TAT Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new position in TAT Technologies in the first quarter valued at approximately $207,000. Jane Street Group LLC grew its holdings in 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 during the period. JPMorgan Chase & Co. raised its position 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 valued at $2,126,000 after acquiring an additional 57,412 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 valued at $2,316,000 after acquiring an additional 31,104 shares during the last quarter. Finally, Walleye Capital LLC lifted its stake in shares of TAT Technologies by 49.1% in the 2nd quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company’s stock valued at $377,000 after purchasing an additional 4,062 shares during the period. 15.13% of the stock is owned by institutional investors.

TAT Technologies Stock Up 0.2%

Shares of NASDAQ:TATT opened at $40.20 on Monday. TAT Technologies has a 12 month low of $30.35 and a 12 month high of $64.50. The company’s 50-day moving average price is $42.02 and its two-hundred day moving average price is $45.83. The company has a quick ratio of 2.46, a current ratio of 4.69 and a debt-to-equity ratio of 0.05. The firm has a market cap of $521.80 million, a P/E ratio of 31.16 and a beta of 0.98.

TAT Technologies (NASDAQ:TATT) last announced its earnings results on Thursday, May 21st. The aerospace company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. TAT Technologies had a net margin of 9.27% and a return on equity of 9.47%. The company had revenue of $41.15 million during the quarter, compared to the consensus estimate of $40.25 million. As a group, research analysts forecast that TAT Technologies will post 1.52 EPS for the current fiscal year.

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.