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

Key Points

• TAT Technologies has a “Moderate Buy” consensus rating among 10 analysts: five recommend buying, two strongly recommend buying, and three rate it a hold. The average 12-month price target is $60.20.
• The company beat quarterly estimates, reporting EPS of $0.58 versus $0.39 expected and revenue of $55.56 million versus $52.84 million expected.
• Shares recently traded at $37.60, down 1.4% for the day; institutional investors and hedge funds own 15.13% of the stock.

Shares of TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $60.20.

Several equities research analysts recently issued reports on TATT shares. B. Riley Financial reaffirmed a "buy" rating and issued a $63.00 price objective (up from $60.00) on shares of TAT Technologies in a research note on Tuesday, November 3rd. Weiss Ratings downgraded shares of TAT Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 16th. Benchmark reissued a "buy" rating on shares of TAT Technologies in a research report on Tuesday, August 25th. Finally, UBS Group restated a "buy" rating on shares of TAT Technologies in a report on Tuesday, November 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Morgan Dempsey Capital Management LLC increased its stake in shares of TAT Technologies by 10.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 9,393 shares of the aerospace company's stock worth $382,000 after purchasing an additional 888 shares during the period. IFP Advisors Inc lifted its position in shares of TAT Technologies by 100.0% during the 2nd quarter. IFP Advisors Inc now owns 1,954 shares of the aerospace company's stock worth $94,000 after purchasing an additional 977 shares during the last quarter. Virtus Advisers LLC lifted its position in shares of TAT Technologies by 25.1% during the 3rd quarter. Virtus Advisers LLC now owns 9,014 shares of the aerospace company's stock worth $316,000 after purchasing an additional 1,808 shares during the last quarter. Boston Partners lifted its position in shares of TAT Technologies by 54.7% during the 3rd quarter. Boston Partners now owns 9,790 shares of the aerospace company's stock worth $343,000 after purchasing an additional 3,461 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in TAT Technologies by 21.4% during the 2nd quarter. Tidal Investments LLC now owns 25,208 shares of the aerospace company's stock valued at $1,216,000 after purchasing an additional 4,447 shares during the period. Institutional investors and hedge funds own 15.13% of the company's stock.

TAT Technologies Stock Down 1.4%

TATT traded down $0.52 during trading on Friday, reaching $37.60. 121,409 shares of the stock traded hands, compared to its average volume of 148,060. The stock's 50-day simple moving average is $35.66 and its two-hundred day simple moving average is $41.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.97 and a quick ratio of 2.49. TAT Technologies has a fifty-two week low of $30.47 and a fifty-two week high of $64.50. The stock has a market cap of $488.80 million, a price-to-earnings ratio of 20.77 and a beta of 1.04.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The aerospace company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.19. The firm had revenue of $55.56 million for the quarter, compared to analyst estimates of $52.84 million. TAT Technologies had a net margin of 12.17% and a return on equity of 11.02%. As a group, equities research analysts expect that TAT Technologies will post 1.64 EPS for the current year.

TAT Technologies Company Profile

TAT Technologies Ltd. is an aerospace and defense company that designs, manufactures, and services thermal-management and other aircraft systems. Its products include heat exchangers and environmental control systems used in commercial and military aircraft. The company also provides maintenance, repair, and overhaul services for aircraft components, including auxiliary power units, heat exchangers, and other systems. These services support airlines, original equipment manufacturers, and military customers.

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