TAT Technologies (NASDAQ:TATT) Now Covered by Analysts at B. Riley Financial

B. Riley Financial initiated coverage on shares of TAT Technologies (NASDAQ:TATT) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $61.00 target price on the aerospace company’s stock.

Several other brokerages also recently weighed in on TATT. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wall Street Zen cut TAT Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Lake Street Capital restated a “buy” rating and issued a $59.00 price target on shares of TAT Technologies in a report on Wednesday, February 4th. Loop Capital set a $53.00 price target on TAT Technologies in a report on Tuesday, December 30th. Finally, Stifel Nicolaus lifted their price target on TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $57.29.

TAT Technologies Trading Up 2.9%

Shares of TATT stock opened at $41.37 on Wednesday. The firm has a 50-day moving average price of $50.35 and a 200 day moving average price of $45.71. TAT Technologies has a twelve month low of $24.56 and a twelve month high of $64.50. The company has a market capitalization of $536.98 million, a price-to-earnings ratio of 30.20 and a beta of 1.11. The company has a current ratio of 4.89, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05.

TAT Technologies (NASDAQ:TATT) last announced its earnings results 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). TAT Technologies had a net margin of 9.45% and a return on equity of 10.69%. The firm had revenue of $46.53 million during the quarter, compared to analyst estimates of $48.04 million.

Institutional Trading of TAT Technologies

A number of institutional investors have recently modified their holdings of TATT. Greenline Wealth Management LLC purchased a new position in TAT Technologies in the 4th quarter worth approximately $41,000. Royal Bank of Canada boosted its holdings in TAT Technologies by 978.8% in the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock worth $50,000 after acquiring an additional 1,018 shares during the period. PNC Financial Services Group Inc. purchased a new position in TAT Technologies in the 3rd quarter worth approximately $53,000. Morgan Dempsey Capital Management LLC boosted its holdings in TAT Technologies by 17.2% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock worth $372,000 after acquiring an additional 1,249 shares during the period. Finally, Fred Alger Management LLC boosted its holdings in TAT Technologies by 12.4% in the 4th quarter. Fred Alger Management LLC now owns 11,640 shares of the aerospace company’s stock worth $520,000 after acquiring an additional 1,280 shares during the period. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.