Brokerages Set TAT Technologies Ltd. (NASDAQ:TATT) Price Target at $47.80

TAT Technologies Ltd. (NASDAQ:TATT) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $47.80.

Several equities research analysts recently weighed in on the company. Truist Financial cut their price objective on TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Benchmark assumed coverage on TAT Technologies in a report on Monday, November 17th. They issued a “buy” rating and a $53.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a research note on Monday, December 22nd. Jones Trading began coverage on TAT Technologies in a report on Friday, October 10th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Wall Street Zen lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a report on Sunday.

TAT Technologies Trading Up 0.6%

TATT opened at $45.47 on Thursday. The company has a market cap of $571.10 million, a P/E ratio of 34.19 and a beta of 0.89. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $40.30 and its 200-day moving average is $36.99. TAT Technologies has a 1-year low of $22.57 and a 1-year high of $46.45.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). TAT Technologies had a net margin of 9.08% and a return on equity of 11.10%. The company had revenue of $46.24 million during the quarter, compared to the consensus estimate of $46.27 million.

Hedge Funds Weigh In On TAT Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meitav Investment House Ltd. raised its position in shares of TAT Technologies by 61.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 1,454,618 shares of the aerospace company’s stock worth $44,722,000 after acquiring an additional 555,286 shares in the last quarter. Wasatch Advisors LP grew its stake in TAT Technologies by 143.0% during the second quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company’s stock worth $23,858,000 after purchasing an additional 459,693 shares during the period. Boston Partners acquired a new stake in TAT Technologies during the second quarter worth approximately $13,205,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in TAT Technologies in the second quarter worth approximately $11,025,000. Finally, Penn Capital Management Company LLC lifted its stake in TAT Technologies by 1,063.4% in the third quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after buying an additional 327,015 shares during the period. 15.13% of the stock is currently owned by institutional investors and hedge funds.

TAT Technologies Company Profile

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.