TAT Technologies (NASDAQ:TATT - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.
Separately, Benchmark began coverage on TAT Technologies in a research report on Thursday, December 5th. They issued a "buy" rating and a $30.00 price target on the stock.
Get Our Latest Stock Report on TAT Technologies
TAT Technologies Stock Up 2.0 %
Shares of NASDAQ TATT traded up $0.54 during mid-day trading on Friday, reaching $28.02. 111,510 shares of the company traded hands, compared to its average volume of 28,068. The company's fifty day moving average is $27.58 and its two-hundred day moving average is $23.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a fifty-two week low of $10.61 and a fifty-two week high of $33.37. The stock has a market cap of $306.58 million, a PE ratio of 37.63 and a beta of 0.99.
TAT Technologies (NASDAQ:TATT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $38.00 million for the quarter, compared to the consensus estimate of $38.00 million. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.
Institutional Investors Weigh In On TAT Technologies
Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtus Fund Advisers LLC bought a new stake in TAT Technologies in the 4th quarter valued at $29,000. Jane Street Group LLC acquired a new position in shares of TAT Technologies during the fourth quarter valued at about $368,000. Marshall Wace LLP bought a new stake in shares of TAT Technologies in the fourth quarter valued at about $444,000. Wasatch Advisors LP acquired a new stake in TAT Technologies during the fourth quarter worth about $4,349,000. Finally, Renaissance Technologies LLC increased its stake in TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after acquiring an additional 11,799 shares during the period. Institutional investors and hedge funds own 15.13% of the company's stock.
About TAT Technologies
(
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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.
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