StockNews.com upgraded shares of TAT Technologies (NASDAQ:TATT - Free Report) from a hold rating to a buy rating in a report issued on Saturday.
Separately, Benchmark boosted their price target on TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd.
Check Out Our Latest Research Report on TAT Technologies
TAT Technologies Stock Up 1.4 %
TATT stock traded up $0.39 during trading on Friday, hitting $28.47. 44,797 shares of the stock traded hands, compared to its average volume of 39,659. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. The stock has a market cap of $311.46 million, a price-to-earnings ratio of 38.47 and a beta of 0.75. TAT Technologies has a 1 year low of $11.58 and a 1 year high of $33.83. The firm's 50 day moving average is $26.69 and its two-hundred day moving average is $25.25.
TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, beating 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 analysts' expectations of $38.00 million.
Institutional Trading of TAT Technologies
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in TAT Technologies by 7.9% in the fourth quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock worth $385,000 after purchasing an additional 1,100 shares during the last quarter. Virtus Fund Advisers LLC bought a new position in shares of TAT Technologies during the 4th quarter valued at $29,000. IFP Advisors Inc purchased a new position in shares of TAT Technologies in the 4th quarter worth $50,000. Catalyst Capital Advisors LLC purchased a new position in shares of TAT Technologies in the 1st quarter worth $63,000. Finally, Morgan Dempsey Capital Management LLC bought a new stake in shares of TAT Technologies in the fourth quarter worth $103,000. Hedge funds and other institutional investors own 15.13% of the company's stock.
TAT Technologies Company Profile
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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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