Lake Street Capital Begins Coverage on TAT Technologies (NASDAQ:TATT)

Research analysts at Lake Street Capital initiated coverage on shares of TAT Technologies (NASDAQ:TATT - Get Free Report) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $37.00 price target on the aerospace company's stock. Lake Street Capital's price objective would indicate a potential upside of 43.08% from the company's previous close.

A number of other analysts have also recently weighed in on the company. Truist Financial assumed coverage on TAT Technologies in a research report on Wednesday, June 4th. They issued a "buy" rating and a $35.00 price target for the company. Benchmark increased their price target on TAT Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Finally, Wall Street Zen lowered shares of TAT Technologies from a "buy" rating to a "hold" rating in a research report on Friday, June 6th.

TAT Technologies Trading Down 1.6%

Shares of NASDAQ TATT opened at $25.86 on Wednesday. The business has a 50 day simple moving average of $29.21 and a 200 day simple moving average of $27.67. TAT Technologies has a 52 week low of $12.61 and a 52 week high of $36.49. The stock has a market cap of $324.80 million, a price-to-earnings ratio of 22.10 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.12 and a current ratio of 2.87.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its earnings results on Monday, May 19th. The aerospace company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $42.14 million during the quarter, compared to the consensus estimate of $41.70 million. TAT Technologies had a net margin of 8.04% and a return on equity of 11.90%.

Institutional Investors Weigh In On TAT Technologies

Several hedge funds and other institutional investors have recently modified their holdings of TATT. Roubaix Capital LLC bought a new stake in TAT Technologies in the 1st quarter valued at $5,238,000. Wasatch Advisors LP acquired a new position in shares of TAT Technologies during the fourth quarter valued at about $4,349,000. ARK Investment Management LLC bought a new stake in shares of TAT Technologies in the first quarter valued at about $1,864,000. Arrowstreet Capital Limited Partnership grew its position in TAT Technologies by 142.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock worth $1,019,000 after buying an additional 22,987 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in TAT Technologies by 125.8% during the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company's stock valued at $889,000 after acquiring an additional 18,020 shares during the period. Institutional investors and hedge funds own 15.13% of the company's stock.

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.

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