TAT Technologies Ltd. (NASDAQ:TATT) Given Consensus Recommendation of “Buy” by Brokerages

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

Several research firms have recently issued reports on TATT. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd. Benchmark raised their price objective on shares of TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Stifel Nicolaus lifted their price target on shares of TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Weiss Ratings downgraded shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday.

TAT Technologies Stock Performance

TAT Technologies stock opened at $45.15 on Thursday. The business has a 50 day moving average of $39.46 and a 200-day moving average of $45.23. TAT Technologies has a 1 year low of $25.58 and a 1 year high of $64.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.69 and a quick ratio of 2.46. The company has a market capitalization of $586.05 million, a P/E ratio of 35.00 and a beta of 1.00.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%.The company had revenue of $41.15 million during the quarter, compared to the consensus estimate of $40.25 million. On average, equities research analysts predict that TAT Technologies will post 1.52 earnings per share for the current year.

Insider Transactions at TAT Technologies

In related news, COO Jason Lewandowski sold 3,125 shares of TAT Technologies stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total value of $122,562.50. Following the completion of the sale, the chief operating officer owned 3,125 shares of the company’s stock, valued at approximately $122,562.50. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.75% of the company’s stock.

Institutional Trading of TAT Technologies

Several hedge funds have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp acquired a new stake in TAT Technologies in the 1st quarter valued at $228,000. Renaissance Technologies LLC grew its position in TAT Technologies by 14.9% in the 1st quarter. Renaissance Technologies LLC now owns 203,402 shares of the aerospace company’s stock valued at $8,264,000 after purchasing an additional 26,400 shares during the period. Sei Investments Co. grew its position in TAT Technologies by 91.4% in the 1st quarter. Sei Investments Co. now owns 39,366 shares of the aerospace company’s stock valued at $1,599,000 after purchasing an additional 18,799 shares during the period. Walleye Capital LLC acquired a new stake in TAT Technologies in the 1st quarter valued at $1,054,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in TAT Technologies by 26.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock worth $18,405,000 after acquiring an additional 95,756 shares during the last quarter. Institutional investors and hedge funds 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.