TAT Technologies Ltd. (NASDAQ:TATT) Receives Average Recommendation of “Moderate Buy” from Analysts

TAT Technologies Ltd. (NASDAQ:TATT) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $51.3333.

A number of research analysts have weighed in on TATT shares. Loop Capital set a $53.00 price objective on shares of TAT Technologies in a research report on Tuesday, December 30th. Lake Street Capital initiated coverage on TAT Technologies in a research note on Tuesday, December 30th. They issued a “buy” rating and a $53.00 price target for the company. Wall Street Zen downgraded TAT Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Benchmark initiated coverage on TAT Technologies in a report on Monday, November 17th. They issued a “buy” rating and a $53.00 price objective on the stock. Finally, Jones Trading began coverage on TAT Technologies in a research note on Friday, October 10th. They set a “buy” rating and a $50.00 target price for the company.

Hedge Funds Weigh In On TAT Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. grew its position in shares of TAT Technologies by 60.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 77,134 shares of the aerospace company’s stock valued at $3,445,000 after purchasing an additional 28,935 shares during the period. Penn Capital Management Company LLC raised its position in shares of TAT Technologies by 1,063.4% during the 3rd 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 during the last quarter. Virtus Advisers LLC lifted its stake in TAT Technologies by 315.9% in the 3rd quarter. Virtus Advisers LLC now owns 6,859 shares of the aerospace company’s stock valued at $302,000 after buying an additional 5,210 shares in the last quarter. Wasatch Advisors LP boosted its holdings in TAT Technologies by 5.5% in the 3rd quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock worth $36,291,000 after buying an additional 43,022 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its stake in TAT Technologies by 17.2% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock worth $372,000 after buying an additional 1,249 shares in the last quarter. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Trading Up 1.6%

TAT Technologies stock opened at $52.40 on Monday. The firm has a market cap of $658.14 million, a PE ratio of 39.40 and a beta of 0.89. TAT Technologies has a 12 month low of $23.37 and a 12 month high of $53.59. The stock’s 50 day simple moving average is $42.79 and its two-hundred day simple moving average is $39.33. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). TAT Technologies had a net margin of 9.08% and a return on equity of 11.10%. The firm had revenue of $46.24 million during the quarter, compared to analyst estimates of $46.27 million.

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.