TAT Technologies Ltd. (NASDAQ:TATT) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• TAT Technologies Ltd. (NASDAQ:TATT) has received a consensus rating of "Buy" from five analysts, with an average price target of $38.00.
• The company reported earnings of $0.30 per share in its last quarterly results, beating estimates, while its revenue was $43.10 million, slightly below expectations.
• Institutional investors and hedge funds hold 15.13% of TAT Technologies' stock, with several new positions acquired in recent months.

Shares of TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) have received a consensus rating of "Buy" from the five ratings firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $38.00.

Several research analysts have commented on TATT shares. Stifel Nicolaus initiated coverage on TAT Technologies in a research report on Tuesday. They set a "buy" rating and a $44.00 price target on the stock. Zacks Research raised TAT Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Truist Financial initiated coverage on shares of TAT Technologies in a research note on Wednesday, June 4th. They issued a "buy" rating and a $35.00 target price for the company. Lake Street Capital assumed coverage on shares of TAT Technologies in a report on Wednesday, June 18th. They set a "buy" rating and a $37.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of TAT Technologies from a "hold" rating to a "buy" rating in a report on Sunday, August 17th.

TAT Technologies Price Performance

Shares of TATT traded up $2.33 during trading hours on Tuesday, hitting $41.61. 228,625 shares of the stock were exchanged, compared to its average volume of 135,667. The stock's 50-day moving average price is $34.97 and its two-hundred day moving average price is $30.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.42 and a current ratio of 4.67. The company has a market cap of $522.62 million, a price-to-earnings ratio of 32.20 and a beta of 0.78. TAT Technologies has a 12-month low of $16.25 and a 12-month high of $41.98.

TAT Technologies (NASDAQ:TATT - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $43.10 million during the quarter, compared to the consensus estimate of $43.85 million. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%.

Hedge Funds Weigh In On TAT Technologies

Several large investors have recently bought and sold shares of TATT. ARK Investment Management LLC acquired a new stake in TAT Technologies in the 1st quarter valued at about $1,864,000. Jane Street Group LLC purchased a new stake in TAT Technologies in the 4th quarter worth about $368,000. CenterBook Partners LP purchased a new position in TAT Technologies during the first quarter valued at approximately $252,000. Cubist Systematic Strategies LLC purchased a new position in shares of TAT Technologies during the 1st quarter valued at $273,000. Finally, Walleye Capital LLC acquired a new position in TAT Technologies in the 1st quarter worth about $228,000. 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.