TAT Technologies (NASDAQ:TATT) Stock Rating Lowered by Wall Street Zen

TAT Technologies (NASDAQ:TATT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

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

TAT Technologies Price Performance

Shares of NASDAQ:TATT traded down $0.44 during trading on Friday, reaching $30.78. The company had a trading volume of 18,528 shares, compared to its average volume of 46,384. The company has a fifty day moving average of $29.11 and a two-hundred day moving average of $27.14. The stock has a market capitalization of $336.73 million, a P/E ratio of 41.59 and a beta of 0.72. TAT Technologies has a 12 month low of $12.61 and a 12 month high of $36.49. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10.

TAT Technologies (NASDAQ:TATT - Get Free Report) last released its earnings results on Monday, May 19th. The aerospace company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $42.14 million for the quarter, compared to analyst estimates of $41.70 million. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

Institutional Trading of TAT Technologies

A number of large investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its holdings in TAT Technologies by 125.8% in the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company's stock worth $889,000 after purchasing an additional 18,020 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of TAT Technologies during the 1st quarter valued at approximately $207,000. Cubist Systematic Strategies LLC purchased a new position in TAT Technologies in the 1st quarter valued at $273,000. Virtus Advisers LLC purchased a new position in shares of TAT Technologies during the 1st quarter worth $45,000. Finally, Walleye Capital LLC acquired a new stake in shares of TAT Technologies during the 1st quarter worth about $228,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

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.