TAT Technologies (NASDAQ:TATT) Rating Lowered to Buy at Wall Street Zen

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

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

TAT Technologies Stock Down 10.9%

Shares of TATT traded down $3.35 during mid-day trading on Friday, hitting $27.48. 588,089 shares of the company's stock were exchanged, compared to its average volume of 48,707. The company has a market cap of $300.63 million, a PE ratio of 37.14 and a beta of 0.72. TAT Technologies has a 52 week low of $12.61 and a 52 week high of $36.49. The company has a 50-day simple moving average of $29.28 and a 200 day simple moving average of $27.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The aerospace company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $42.14 million during the quarter, compared to analysts' expectations of $41.70 million. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

Hedge Funds Weigh In On TAT Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of TAT Technologies by 7.9% in the fourth quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock valued at $385,000 after buying an additional 1,100 shares in the last quarter. Virtus Fund Advisers LLC bought a new position in TAT Technologies during the fourth quarter worth $29,000. Virtus Advisers LLC bought a new position in TAT Technologies during the first quarter worth $45,000. IFP Advisors Inc bought a new position in TAT Technologies during the fourth quarter worth $50,000. Finally, Catalyst Capital Advisors LLC bought a new position in TAT Technologies during the first quarter worth $63,000. 15.13% of the stock is owned by 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.