TAT Technologies (NASDAQ:TATT) Coverage Initiated by Analysts at Lake Street Capital

Analysts at Lake Street Capital initiated coverage on shares of TAT Technologies (NASDAQ:TATT - Get Free Report) in a research report issued on Wednesday, MarketBeat.com reports. The firm set a "buy" rating and a $37.00 price target on the aerospace company's stock. Lake Street Capital's target price suggests a potential upside of 44.53% from the company's current price.

TATT has been the topic of several other research reports. Wall Street Zen cut shares of TAT Technologies from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Benchmark raised their price objective on shares of TAT Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Truist Financial began coverage on shares of TAT Technologies in a report on Wednesday, June 4th. They set a "buy" rating and a $35.00 price objective on the stock.

TAT Technologies Stock Down 3.2%

NASDAQ:TATT traded down $0.84 during mid-day trading on Wednesday, hitting $25.60. The stock had a trading volume of 141,222 shares, compared to its average volume of 71,262. The stock has a 50-day simple moving average of $29.14 and a two-hundred day simple moving average of $27.74. The company has a market capitalization of $321.54 million, a PE ratio of 21.88 and a beta of 0.69. TAT Technologies has a twelve month low of $12.61 and a twelve month high of $36.49. The company has a current ratio of 2.87, a quick ratio of 1.12 and a debt-to-equity ratio of 0.09.

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

Institutional Trading of TAT Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TATT. IFP Advisors Inc acquired a new stake in TAT Technologies during the fourth quarter worth approximately $50,000. Morgan Dempsey Capital Management LLC purchased a new position in shares of TAT Technologies during the fourth quarter worth approximately $103,000. JPMorgan Chase & Co. grew its position in shares of TAT Technologies by 7.9% during the fourth quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock worth $385,000 after acquiring an additional 1,100 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of 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 acquiring an additional 22,987 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock worth $4,861,000 after acquiring an additional 11,799 shares during the last quarter. Institutional investors and hedge funds own 15.13% of the company's stock.

About TAT Technologies

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.