TAT Technologies Ltd. (NASDAQ:TATT) Receives $57.86 Average Target Price from Analysts

Shares of TAT Technologies Ltd. (NASDAQ:TATT) have been assigned an average rating of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $57.8571.

A number of research analysts have issued reports on the company. William Blair reissued a “hold” rating on shares of TAT Technologies in a research note on Wednesday, July 15th. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. B. Riley Financial boosted their price objective on TAT Technologies from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Benchmark reissued a “buy” rating on shares of TAT Technologies in a research note on Tuesday, August 25th.

TAT Technologies Stock Performance

Shares of NASDAQ TATT opened at $39.97 on Tuesday. The company’s fifty day moving average is $40.93 and its 200-day moving average is $43.08. The stock has a market cap of $519.61 million, a price-to-earnings ratio of 24.98 and a beta of 1.00. TAT Technologies has a twelve month low of $31.52 and a twelve month high of $64.50. The company has a quick ratio of 2.61, a current ratio of 4.83 and a debt-to-equity ratio of 0.06.

TAT Technologies (NASDAQ:TATT) last released its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $52.94 million during the quarter, compared to analysts’ expectations of $44.86 million. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. Equities research analysts predict that TAT Technologies will post 1.39 EPS for the current year.

Insiders Place Their Bets

In other news, insider Paul Maness sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total value of $227,050.00. Following the completion of the transaction, the insider owned 5,000 shares in the company, valued at $227,050. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.75% of the company’s stock.

Institutional Investors Weigh In On TAT Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in TATT. Morgan Dempsey Capital Management LLC boosted its stake in TAT Technologies by 10.4% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 9,393 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 888 shares during the period. Greenline Wealth Management LLC bought a new position in TAT Technologies during the 4th quarter worth about $41,000. Royal Bank of Canada raised 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 purchasing an additional 1,018 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of TAT Technologies in the 3rd quarter valued at about $53,000. Finally, Fred Alger Management LLC lifted its holdings in shares of TAT Technologies by 12.4% in the fourth quarter. Fred Alger Management LLC now owns 11,640 shares of the aerospace company’s stock valued at $520,000 after purchasing an additional 1,280 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.