TAT Technologies (NASDAQ:TATT) Price Target Raised to $36.00

TAT Technologies (NASDAQ:TATT - Free Report) had its target price boosted by Benchmark from $35.00 to $36.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Benchmark currently has a buy rating on the aerospace company's stock.

A number of other brokerages have also recently issued reports on TATT. Truist Financial assumed coverage on shares of TAT Technologies in a research report on Wednesday, June 4th. They set a "buy" rating and a $35.00 price target for the company. Wall Street Zen cut shares of TAT Technologies from a "buy" rating to a "hold" rating in a research report on Friday, June 6th.

TAT Technologies Trading Up 1.3%

Shares of NASDAQ:TATT traded up $0.33 on Wednesday, hitting $26.29. The company had a trading volume of 146,363 shares, compared to its average volume of 67,703. The firm's 50-day simple moving average is $29.23 and its two-hundred day simple moving average is $27.62. TAT Technologies has a 1 year low of $12.61 and a 1 year high of $36.49. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $330.33 million, a price-to-earnings ratio of 35.53 and a beta of 0.69.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The company had revenue of $42.14 million during the quarter, compared to analysts' expectations of $41.70 million.

Institutional Trading of TAT Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of TATT. IFP Advisors Inc bought a new stake in TAT Technologies during the 4th quarter valued at about $50,000. Morgan Dempsey Capital Management LLC bought a new stake in TAT Technologies during the 4th quarter valued at about $103,000. JPMorgan Chase & Co. increased its stake in TAT Technologies by 7.9% during the 4th quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock valued at $385,000 after purchasing an additional 1,100 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in TAT Technologies by 142.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock valued at $1,019,000 after purchasing an additional 22,987 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in TAT Technologies by 6.6% during 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 in the last quarter. 15.13% of the stock is currently owned by institutional investors.

TAT Technologies Company Profile

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.