TAT Technologies (NASDAQ:TATT) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of TAT Technologies (NASDAQ:TATT - Free Report) from a buy rating to a hold rating in a report published on Friday.

Separately, Benchmark boosted their target price on TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd.

TAT Technologies Stock Down 4.6 %

Shares of TATT stock traded down $1.28 during trading hours on Friday, reaching $26.33. The company had a trading volume of 192,592 shares, compared to its average volume of 38,140. The business has a fifty day simple moving average of $26.85 and a 200-day simple moving average of $24.93. TAT Technologies has a 12 month low of $11.03 and a 12 month high of $33.83. The company has a market cap of $288.05 million, a price-to-earnings ratio of 35.58 and a beta of 0.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The firm had revenue of $38.00 million for the quarter, compared to the consensus estimate of $38.00 million.

Institutional Trading of TAT Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Virtus Fund Advisers LLC bought a new position in shares of TAT Technologies during the 4th quarter worth $29,000. IFP Advisors Inc purchased a new position in shares of TAT Technologies in the fourth quarter worth about $50,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of TAT Technologies in the fourth quarter valued at approximately $103,000. JPMorgan Chase & Co. lifted its stake in shares of TAT Technologies by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after buying an additional 2,697 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in TAT Technologies in the 4th quarter worth approximately $368,000. Hedge funds and other institutional investors own 15.13% of the company's stock.

About TAT Technologies

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.