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

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

TATT has been the subject of a number of other reports. Lake Street Capital began coverage on TAT Technologies in a research report on Wednesday, June 18th. They set a "buy" rating and a $37.00 price objective for the company. Truist Financial began coverage on TAT Technologies in a research report on Wednesday, June 4th. They set a "buy" rating and a $35.00 price objective for the company. Finally, Benchmark boosted their price objective on TAT Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th.

TAT Technologies Trading Down 1.2%

TAT Technologies stock traded down $0.37 during midday trading on Friday, reaching $31.17. 89,936 shares of the stock traded hands, compared to its average volume of 85,074. The company has a 50-day simple moving average of $29.52 and a two-hundred day simple moving average of $28.36. TAT Technologies has a 12-month low of $12.61 and a 12-month high of $36.49. The firm has a market cap of $391.50 million, a PE ratio of 26.64 and a beta of 0.72. The company has a current ratio of 2.87, a quick ratio of 1.12 and a debt-to-equity ratio of 0.09.

TAT Technologies (NASDAQ:TATT - Get Free Report) last announced its earnings results on Monday, May 19th. The aerospace company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. TAT Technologies had a return on equity of 11.90% and a net margin of 8.04%. The company had revenue of $42.14 million during the quarter, compared to analysts' expectations of $41.70 million.

Institutional Investors Weigh In On TAT Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TATT. Virtus Fund Advisers LLC acquired a new position in shares of TAT Technologies in the fourth quarter valued at approximately $29,000. Virtus Advisers LLC acquired a new position in shares of TAT Technologies in the first quarter valued at approximately $45,000. Catalyst Capital Advisors LLC acquired a new position in shares of TAT Technologies in the first quarter valued at approximately $63,000. Goldman Sachs Group Inc. acquired a new position in shares of TAT Technologies in the first quarter valued at approximately $207,000. Finally, Walleye Capital LLC acquired a new position in TAT Technologies during the first quarter worth $228,000. Hedge funds and other institutional investors own 15.13% of the company's stock.

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.