TAT Technologies Ltd. (NASDAQ:TATT) Stock Rated "Buy" by Sell-Side Brokerages

Key Points

• Analysts maintain a bullish view: TAT Technologies has an average “Buy” rating from 10 covering firms, with a consensus 12-month price target of $57.86. Recent actions included B. Riley raising its target to $65 and Benchmark reiterating a “Buy” rating.
• Institutional ownership is growing: Several major investors increased their positions, while institutional investors and hedge funds collectively own 15.13% of the company.
• Quarterly results exceeded expectations: TAT Technologies reported EPS of $0.35 versus the $0.30 consensus estimate and revenue of $52.94 million, above expectations of $44.86 million.

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) has been given an average recommendation of "Buy" by the ten ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $57.86.

TATT has been the topic of several analyst reports. William Blair reissued a "hold" rating on shares of TAT Technologies in a report on Wednesday, July 15th. Weiss Ratings raised TAT Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. B. Riley Financial upped their price objective on shares of TAT Technologies from $61.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Benchmark reiterated a "buy" rating on shares of TAT Technologies in a research note on Tuesday, August 25th.

Institutional Trading of TAT Technologies

Several large investors have recently made changes to their positions in the company. Meitav Investment House Ltd. raised its holdings in shares of TAT Technologies by 0.3% during the 1st quarter. Meitav Investment House Ltd. now owns 1,211,860 shares of the aerospace company's stock worth $47,989,000 after buying an additional 3,122 shares in the last quarter. Wasatch Advisors LP grew its position in TAT Technologies by 35.1% in the second quarter. Wasatch Advisors LP now owns 768,702 shares of the aerospace company's stock valued at $37,074,000 after acquiring an additional 199,622 shares during the last quarter. Wellington Management Group LLP bought a new position in TAT Technologies in the second quarter valued at about $21,213,000. Clal Insurance Enterprises Holdings Ltd raised its stake in TAT Technologies by 26.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company's stock worth $18,405,000 after acquiring an additional 95,756 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in TAT Technologies by 14.9% during the first quarter. Renaissance Technologies LLC now owns 203,402 shares of the aerospace company's stock worth $8,264,000 after acquiring an additional 26,400 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company's stock.

TAT Technologies Stock Up 0.5%

Shares of TATT opened at $37.57 on Friday. The company has a current ratio of 4.83, a quick ratio of 2.61 and a debt-to-equity ratio of 0.06. TAT Technologies has a 12 month low of $31.52 and a 12 month high of $64.50. The firm's 50 day moving average is $39.13 and its 200-day moving average is $41.45. The stock has a market capitalization of $488.41 million, a PE ratio of 23.48 and a beta of 1.00.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings results 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. TAT Technologies had a return on equity of 9.84% and a net margin of 11.26%.The business had revenue of $52.94 million during the quarter, compared to analysts' expectations of $44.86 million. Equities research analysts forecast that TAT Technologies will post 1.39 EPS for the current year.

TAT Technologies Company Profile

TAT Technologies Ltd. NASDAQ: TATT is an aerospace and defense company that designs, manufactures, and services systems and components used in commercial, military, and business aviation. Its products include heat exchangers, oil coolers, hydraulic coolers, fuel and air-conditioning system components, pre-coolers, and other thermal-management equipment for aircraft and engines.

The company also provides maintenance, repair, and overhaul services for aviation components, including heat-transfer equipment and related systems.

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