Benchmark Forecasts Strong Price Appreciation for TAT Technologies (NASDAQ:TATT) Stock

TAT Technologies (NASDAQ:TATT) had its target price lifted by equities research analysts at Benchmark from $30.00 to $35.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Benchmark’s target price points to a potential upside of 36.51% from the stock’s previous close.

Separately, StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a report on Saturday, March 29th.

TAT Technologies Stock Performance

Shares of TAT Technologies stock opened at $25.64 on Thursday. The business has a 50-day simple moving average of $27.31 and a 200-day simple moving average of $23.94. The company has a market cap of $280.50 million, a PE ratio of 34.65 and a beta of 0.75. TAT Technologies has a one year low of $10.61 and a one year 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 announced its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 5.58% and a return on equity of 8.23%.

Institutional Trading of TAT Technologies

Several institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP acquired a new stake in TAT Technologies during the 4th quarter worth $4,349,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of TAT Technologies by 142.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock worth $1,019,000 after purchasing an additional 22,987 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of TAT Technologies during the fourth quarter worth about $444,000. Jane Street Group LLC purchased a new stake in shares of TAT Technologies in the 4th quarter valued at about $368,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of TAT Technologies by 6.6% in the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock valued at $4,861,000 after purchasing an additional 11,799 shares during the last quarter. 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.