TAT Technologies (NASDAQ:TATT) Upgraded by Wall Street Zen to "Buy" Rating

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

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

TAT Technologies Stock Up 1.1%

Shares of NASDAQ TATT traded up $0.35 during trading hours on Friday, hitting $31.18. The company had a trading volume of 57,420 shares, compared to its average volume of 84,412. The company has a quick ratio of 1.12, a current ratio of 2.87 and a debt-to-equity ratio of 0.09. The firm's 50 day moving average is $29.52 and its 200-day moving average is $28.34. TAT Technologies has a 1-year low of $12.61 and a 1-year high of $36.49. The stock has a market capitalization of $391.62 million, a P/E ratio of 26.65 and a beta of 0.72.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The aerospace company reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 11.90% and a net margin of 8.04%.

Institutional Investors Weigh In On TAT Technologies

Several large investors have recently added to or reduced their stakes in TATT. Roubaix Capital LLC acquired a new position in shares of TAT Technologies in the 1st quarter valued at $5,238,000. Renaissance Technologies LLC raised its position in TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock worth $4,861,000 after acquiring an additional 11,799 shares in the last quarter. Wasatch Advisors LP purchased a new position in TAT Technologies in the fourth quarter worth $4,349,000. ARK Investment Management LLC purchased a new stake in shares of TAT Technologies during the 1st quarter worth $1,864,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of TAT Technologies by 142.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock worth $1,019,000 after purchasing an additional 22,987 shares during the period. 15.13% of the stock is owned by hedge funds and other institutional investors.

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.