B. Riley Financial Begins Coverage on TAT Technologies (NASDAQ:TATT)

Stock analysts at B. Riley Financial started coverage on shares of TAT Technologies (NASDAQ:TATT) in a report released on Wednesday. The firm set a “buy” rating and a $61.00 price target on the aerospace company’s stock. B. Riley Financial’s price objective points to a potential upside of 41.33% from the company’s previous close.

A number of other research analysts also recently issued reports on TATT. Benchmark boosted their target price on shares of TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Lake Street Capital restated a “buy” rating and set a $59.00 target price on shares of TAT Technologies in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Stifel Nicolaus boosted their target price on shares of TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Zacks Research upgraded shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $57.29.

TAT Technologies Trading Up 7.3%

NASDAQ:TATT opened at $43.16 on Wednesday. TAT Technologies has a 12 month low of $24.56 and a 12 month high of $64.50. The firm has a fifty day simple moving average of $50.56 and a 200-day simple moving average of $45.74. The company has a current ratio of 4.89, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $560.35 million, a P/E ratio of 31.35 and a beta of 1.11.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Wednesday, March 18th. The aerospace company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). TAT Technologies had a return on equity of 10.69% and a net margin of 9.45%.The company had revenue of $46.53 million for the quarter, compared to analyst estimates of $48.04 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Greenline Wealth Management LLC acquired a new position in shares of TAT Technologies in the fourth quarter worth about $41,000. Royal Bank of Canada raised its position in shares of TAT Technologies by 978.8% in the fourth quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock worth $50,000 after acquiring an additional 1,018 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of TAT Technologies in the third quarter worth about $53,000. Quantbot Technologies LP acquired a new position in shares of TAT Technologies in the third quarter worth about $121,000. Finally, Osaic Holdings Inc. raised its position in shares of TAT Technologies by 470.9% in the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 4,474 shares during the period. Institutional investors and hedge funds own 15.13% of the company’s stock.

About TAT Technologies

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.