TAT Technologies (NASDAQ:TATT) Coverage Initiated at Stifel Nicolaus

Key Points

• Analysts from Stifel Nicolaus initiated coverage of TAT Technologies with a "buy" rating and a price target of $44.00, indicating a potential upside of 14.08% from its current price.
• The company reported a quarterly EPS of $0.30, surpassing analysts' estimates, with revenues amounting to $43.10 million for the quarter.
• TAT Technologies has recently seen significant interest from institutional investors, with several firms acquiring new stakes during the past couple of quarters.

Stifel Nicolaus began coverage on shares of TAT Technologies (NASDAQ:TATT - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The firm issued a buy rating and a $44.00 price objective on the aerospace company's stock.

Other analysts have also issued research reports about the company. Truist Financial started coverage on TAT Technologies in a report on Wednesday, June 4th. They issued a "buy" rating and a $35.00 price target for the company. Zacks Research upgraded TAT Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Wall Street Zen upgraded TAT Technologies from a "hold" rating to a "buy" rating in a report on Sunday, August 17th. Benchmark upped their target price on TAT Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Lake Street Capital initiated coverage on TAT Technologies in a report on Wednesday, June 18th. They set a "buy" rating and a $37.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $38.00.

TAT Technologies Trading Down 0.8%

Shares of NASDAQ:TATT traded down $0.32 during trading hours on Tuesday, hitting $41.29. 275,552 shares of the company's stock traded hands, compared to its average volume of 136,598. TAT Technologies has a 1 year low of $16.25 and a 1 year high of $42.99. The business has a fifty day moving average price of $35.43 and a 200-day moving average price of $30.80. The firm has a market capitalization of $518.60 million, a P/E ratio of 33.84 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.67 and a quick ratio of 2.42.

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, beating analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $43.10 million during the quarter, compared to analyst estimates of $43.85 million. TAT Technologies had a return on equity of 10.90% and a net margin of 8.21%.

Hedge Funds Weigh In On TAT Technologies

Hedge funds have recently made changes to their positions in the company. Virtus Advisers LLC acquired a new position in shares of TAT Technologies in the 1st quarter valued at $45,000. Catalyst Capital Advisors LLC acquired a new stake in TAT Technologies during the 1st quarter worth about $63,000. Osaic Holdings Inc. grew its position in TAT Technologies by 470.9% during the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company's stock worth $166,000 after purchasing an additional 4,474 shares during the period. Goldman Sachs Group Inc. acquired a new stake in TAT Technologies during the 1st quarter worth about $207,000. Finally, Morgan Dempsey Capital Management LLC grew its position in TAT Technologies by 72.5% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company's stock worth $221,000 after purchasing an additional 3,050 shares during the period. 15.13% of the stock is owned by institutional investors and hedge funds.

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.