StockNews.com Downgrades TAT Technologies (NASDAQ:TATT) to Hold

StockNews.com lowered shares of TAT Technologies (NASDAQ:TATT - Free Report) from a buy rating to a hold rating in a report published on Friday morning.

Separately, Benchmark raised their price target on shares of TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd.

TAT Technologies Stock Up 1.4 %

TAT Technologies stock traded up $0.38 during midday trading on Friday, hitting $26.71. 59,514 shares of the company's stock were exchanged, compared to its average volume of 38,407. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The company has a market cap of $292.21 million, a PE ratio of 36.09 and a beta of 0.75. The firm has a 50-day moving average of $26.82 and a two-hundred day moving average of $24.94. TAT Technologies has a 12 month low of $11.03 and a 12 month high of $33.83.

TAT Technologies (NASDAQ:TATT - Get Free Report) last announced its earnings results on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The business had revenue of $38.00 million during the quarter, compared to the consensus estimate of $38.00 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wasatch Advisors LP purchased a new stake in shares of TAT Technologies in the fourth quarter valued at approximately $4,349,000. Arrowstreet Capital Limited Partnership raised 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 acquiring an additional 22,987 shares during the period. Marshall Wace LLP purchased a new position in TAT Technologies during the fourth quarter valued at $444,000. Jane Street Group LLC acquired a new stake in shares of TAT Technologies in the fourth quarter valued at about $368,000. Finally, Renaissance Technologies LLC increased its stake 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 purchasing an additional 11,799 shares in 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.