Wall Street Zen Downgrades TAT Technologies (NASDAQ:TATT) to Hold

TAT Technologies (NASDAQ:TATT) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other research analysts also recently issued research reports about the company. Truist Financial lowered their price objective on TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Lake Street Capital reaffirmed a “buy” rating and set a $59.00 price target on shares of TAT Technologies in a research note on Wednesday, February 4th. Freedom Capital upgraded shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Finally, Stifel Nicolaus increased their price objective on TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $53.17.

TAT Technologies Trading Down 0.3%

NASDAQ TATT opened at $52.85 on Friday. The company has a market cap of $663.80 million, a price-to-earnings ratio of 39.74 and a beta of 0.93. TAT Technologies has a twelve month low of $23.37 and a twelve month high of $54.80. 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 business’s fifty day moving average is $48.74 and its 200 day moving average is $42.53.

Hedge Funds Weigh In On TAT Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP grew its holdings in TAT Technologies by 5.5% during the 3rd 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 acquired a new position in shares of TAT Technologies in the 2nd quarter valued at about $13,205,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of TAT Technologies by 92.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock valued at $17,283,000 after purchasing an additional 185,574 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in TAT Technologies during the second quarter worth approximately $11,025,000. Finally, Penn Capital Management Company LLC increased its holdings in TAT Technologies by 1,063.4% in the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock worth $15,768,000 after purchasing an additional 327,015 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

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.