TAT Technologies (NASDAQ:TATT - Free Report) had its price objective hoisted by Benchmark from $35.00 to $36.00 in a research note released on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the aerospace company's stock.
Other research analysts have also issued research reports about the company. Wall Street Zen lowered TAT Technologies from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Truist Financial began coverage on TAT Technologies in a research report on Wednesday, June 4th. They issued a "buy" rating and a $35.00 price target for the company.
Check Out Our Latest Stock Analysis on TATT
TAT Technologies Price Performance
NASDAQ TATT traded down $0.11 on Wednesday, hitting $25.96. 103,551 shares of the company's stock were exchanged, compared to its average volume of 66,893. TAT Technologies has a 52 week low of $12.61 and a 52 week high of $36.49. The stock has a 50-day moving average of $29.22 and a 200-day moving average of $27.55. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The stock has a market cap of $326.19 million, a price-to-earnings ratio of 35.08 and a beta of 0.69.
TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The aerospace company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $42.14 million during the quarter, compared to analysts' expectations of $41.70 million. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.
Institutional Trading of TAT Technologies
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake 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 stake in shares of TAT Technologies in the 4th quarter valued at about $29,000. Virtus Advisers LLC purchased a new stake in TAT Technologies during the 1st quarter valued at about $45,000. IFP Advisors Inc bought a new position in TAT Technologies during the 4th quarter worth approximately $50,000. Finally, Catalyst Capital Advisors LLC bought a new position in TAT Technologies during the 1st quarter worth approximately $63,000. 15.13% of the stock is owned by institutional investors.
About TAT Technologies
(
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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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