Tower View Wealth Management LLC Acquires Shares of 35,102 TAT Technologies Ltd. $TATT

Key Points

• Tower View Wealth Management acquired 35,102 shares of TAT Technologies (≈$1.57 million) in Q4, representing about 0.28% of the company’s outstanding stock.
• Analyst sentiment is positive with a consensus rating of Buy and an average price target of $57.29, including recent price targets between $53 and $61 and several buy/strong-buy recommendations.
• TAT Technologies has a market cap of about $589.6 million, recently missed quarterly EPS and revenue estimates, and trades in a 12-month range of $24.56–$64.50.

Tower View Wealth Management LLC acquired a new stake in TAT Technologies Ltd. (NASDAQ:TATT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 35,102 shares of the aerospace company's stock, valued at approximately $1,568,000. Tower View Wealth Management LLC owned about 0.28% of TAT Technologies as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TATT. PNC Financial Services Group Inc. bought a new position in TAT Technologies in the 3rd quarter valued at $53,000. Quantbot Technologies LP bought a new position in TAT Technologies in the 3rd quarter valued at $121,000. Osaic Holdings Inc. raised its position in TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company's stock valued at $166,000 after purchasing an additional 4,474 shares during the last quarter. GWN Securities Inc. bought a new position in TAT Technologies in the 3rd quarter valued at $202,000. Finally, Goldman Sachs Group Inc. bought a new position in TAT Technologies in the 1st quarter valued at $207,000. Institutional investors own 15.13% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on TATT. Loop Capital set a $53.00 price objective on TAT Technologies in a research report on Tuesday, December 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of TAT Technologies in a research report on Friday, March 27th. B. Riley Financial began coverage on TAT Technologies in a research report on Wednesday, April 8th. They issued a "buy" rating and a $61.00 price objective for the company. Freedom Capital upgraded TAT Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 16th. Finally, Lake Street Capital reiterated a "buy" rating and issued a $59.00 price objective on shares of TAT Technologies in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, TAT Technologies currently has a consensus rating of "Buy" and an average target price of $57.29.

TAT Technologies Trading Up 1.6%

TATT stock opened at $45.42 on Tuesday. The company has a market cap of $589.55 million, a P/E ratio of 33.15 and a beta of 1.11. TAT Technologies Ltd. has a twelve month low of $24.56 and a twelve month high of $64.50. The company has a quick ratio of 2.67, a current ratio of 4.89 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $49.97 and a 200-day moving average of $45.81.

TAT Technologies (NASDAQ:TATT - Get Free Report) last released its earnings results on Wednesday, March 18th. The aerospace company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.03). The firm had revenue of $46.53 million for the quarter, compared to the consensus estimate of $48.04 million. TAT Technologies had a return on equity of 10.69% and a net margin of 9.45%.

TAT Technologies Company Profile

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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