TAT Technologies (NASDAQ:TATT) Trading 4.4% Higher - Still a Buy?

Key Points

• TAT Technologies (NASDAQ:TATT) shares increased by 4.4% on Tuesday, reaching up to $42.07, although trading volume was significantly lower than average.
• Analysts have a positive outlook on TAT Technologies, with a consensus rating of "Buy" and a target price of $38.00, backed by upgrades from firms like Zacks Research and Truist Financial.
• The company reported earnings of $0.30 per share, beating analyst expectations, but its revenue of $43.10 million fell short of consensus estimates of $43.85 million.

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) shares traded up 4.4% on Tuesday . The stock traded as high as $41.50 and last traded at $42.07. 35,316 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 144,981 shares. The stock had previously closed at $40.29.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Truist Financial assumed coverage on shares of TAT Technologies in a report on Wednesday, June 4th. They issued a "buy" rating and a $35.00 target price on the stock. Zacks Research raised shares of TAT Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of TAT Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, August 17th. Lake Street Capital assumed coverage on shares of TAT Technologies in a research report on Wednesday, June 18th. They set a "buy" rating and a $37.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on shares of TAT Technologies in a research report on Tuesday, September 16th. They set a "buy" rating and a $44.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat, TAT Technologies has a consensus rating of "Buy" and a consensus price target of $38.00.

TAT Technologies Trading Up 7.4%

The business's 50-day moving average price is $36.63 and its 200 day moving average price is $31.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.42 and a current ratio of 4.67. The company has a market cap of $543.35 million, a P/E ratio of 35.22 and a beta of 0.78.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $43.10 million during the quarter, compared to analysts' expectations of $43.85 million. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%.

Institutional Trading of TAT Technologies

A number of hedge funds have recently modified their holdings of the stock. ARK Investment Management LLC acquired a new stake in TAT Technologies in the 1st quarter worth about $1,864,000. Jane Street Group LLC acquired a new stake in TAT Technologies in the 4th quarter worth about $368,000. CenterBook Partners LP acquired a new stake in TAT Technologies in the 1st quarter worth about $252,000. Walleye Capital LLC acquired a new stake in TAT Technologies in the 1st quarter worth about $228,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in TAT Technologies in the 1st quarter worth about $273,000. 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.

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