TAT Technologies (NASDAQ:TATT) Stock Rating Upgraded by StockNews.com

TAT Technologies (NASDAQ:TATT) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Benchmark assumed 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.

TAT Technologies Stock Up 0.8 %

Shares of TATT opened at $28.20 on Friday. The business’s fifty day moving average price is $27.60 and its two-hundred day moving average price is $23.59. The firm has a market capitalization of $308.51 million, a price-to-earnings ratio of 38.11 and a beta of 0.99. TAT Technologies has a 52 week low of $10.61 and a 52 week high of $33.37. 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 (NASDAQ:TATT) last posted its quarterly earnings results on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share 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 business had revenue of $38.00 million during the quarter, compared to the consensus estimate of $38.00 million.

Institutional Investors Weigh In On TAT Technologies

Several hedge funds have recently bought and sold shares of TATT. JPMorgan Chase & Co. lifted its holdings in TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 2,697 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of TAT Technologies in the 4th quarter valued at approximately $50,000. Morgan Dempsey Capital Management LLC bought a new stake in TAT Technologies during the 4th quarter worth approximately $103,000. Jane Street Group LLC bought a new stake in TAT Technologies during the 4th quarter worth approximately $368,000. Finally, Virtus Fund Advisers LLC acquired a new stake in TAT Technologies during the 4th quarter worth approximately $29,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.