TAT Technologies (NASDAQ:TATT) Sees Large Volume Increase Following Analyst Upgrade

TAT Technologies Ltd. (NASDAQ:TATT) saw unusually-strong trading volume on Friday after Stifel Nicolaus raised their price target on the stock from $47.00 to $60.00. Stifel Nicolaus currently has a buy rating on the stock. Approximately 149,384 shares were traded during trading, an increase of 0% from the previous session’s volume of 149,182 shares.The stock last traded at $43.1460 and had previously closed at $47.32.

A number of other research analysts have also weighed in on TATT. Freedom Capital upgraded TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Lake Street Capital reiterated a “buy” rating and issued a $59.00 target price on shares of TAT Technologies in a research report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a research note on Monday, December 29th. Finally, Loop Capital set a $53.00 price target on shares of TAT Technologies in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, TAT Technologies has a consensus rating of “Buy” and a consensus price target of $56.67.

Institutional Investors Weigh In On TAT Technologies

Hedge funds have recently modified their holdings of the company. Greenline Wealth Management LLC purchased a new position in TAT Technologies during the fourth quarter worth about $41,000. Royal Bank of Canada grew its stake in shares of TAT Technologies by 978.8% in the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock valued at $50,000 after buying an additional 1,018 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of TAT Technologies during the 3rd quarter worth approximately $53,000. Quantbot Technologies LP acquired a new stake in shares of TAT Technologies during the 3rd quarter worth approximately $121,000. Finally, Osaic Holdings Inc. raised its position in shares of TAT Technologies by 470.9% during the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after buying an additional 4,474 shares during the period. Hedge funds and other institutional investors own 15.13% of the company’s stock.

TAT Technologies Trading Down 9.1%

The stock has a market cap of $558.27 million, a PE ratio of 31.39 and a beta of 0.93. The company’s 50-day moving average price is $53.05 and its 200 day moving average price is $45.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.34 and a current ratio of 4.89.

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

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.