TAT Technologies Ltd. (NASDAQ:TATT) Given Consensus Rating of "Buy" by Analysts

Key Points

• Analysts maintain a “Buy” consensus on TAT Technologies, with six buy ratings, two strong-buy ratings and two holds. The average 12-month price target is $57.86, well above the reported $36.33 share price.
• TAT Technologies exceeded quarterly expectations, reporting EPS of $0.35 versus a $0.30 estimate and revenue of $52.94 million versus the $44.86 million consensus.
• Institutional ownership stands at 15.13%, while insiders own 8.75%; an insider recently sold 5,000 shares for approximately $227,050. The stock has traded between $31.52 and $64.50 over the past year.

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) has earned a consensus rating of "Buy" from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $57.8571.

A number of analysts have issued reports on TATT shares. Benchmark reissued a "buy" rating on shares of TAT Technologies in a research note on Tuesday, August 25th. Zacks Research upgraded shares of TAT Technologies from a "strong sell" rating to a "hold" rating in a report on Friday, May 22nd. William Blair reissued a "hold" rating on shares of TAT Technologies in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of TAT Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Finally, B. Riley Financial boosted their target price on shares of TAT Technologies from $61.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th.

Insider Buying and Selling at TAT Technologies

In other TAT Technologies news, insider Paul Maness sold 5,000 shares of TAT Technologies stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total value of $227,050.00. Following the transaction, the insider owned 5,000 shares in the company, valued at $227,050. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.75% of the stock is currently owned by company insiders.

Institutional Trading of TAT Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in TATT. Greenline Wealth Management LLC acquired a new position in TAT Technologies in the fourth quarter valued at $41,000. Royal Bank of Canada increased its stake in TAT Technologies by 978.8% during 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 last quarter. PNC Financial Services Group Inc. acquired a new stake in TAT Technologies during the third quarter worth about $53,000. Quantbot Technologies LP purchased a new position in shares of TAT Technologies in the 3rd quarter worth about $121,000. Finally, Osaic Holdings Inc. raised its holdings in shares of TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company's stock worth $166,000 after purchasing an additional 4,474 shares during the period. 15.13% of the stock is currently owned by institutional investors and hedge funds.

TAT Technologies Stock Performance

Shares of NASDAQ TATT opened at $36.33 on Tuesday. The company has a 50-day simple moving average of $41.52 and a 200-day simple moving average of $43.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.83 and a quick ratio of 2.61. The company has a market cap of $472.29 million, a PE ratio of 22.71 and a beta of 1.00. TAT Technologies has a 12 month low of $31.52 and a 12 month high of $64.50.

TAT Technologies (NASDAQ:TATT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $52.94 million for the quarter, compared to the consensus estimate of $44.86 million. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. On average, equities analysts anticipate that TAT Technologies will post 1.39 earnings per share for the current year.

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.

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