TAT Technologies (NASDAQ:TATT) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of TAT Technologies (NASDAQ:TATT - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Separately, Benchmark lifted their price objective on TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd.

TAT Technologies Stock Up 1.0 %

Shares of TATT traded up $0.29 during mid-day trading on Friday, reaching $28.75. The company's stock had a trading volume of 10,763 shares, compared to its average volume of 80,349. TAT Technologies has a 1 year low of $11.58 and a 1 year high of $33.83. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The company has a market cap of $314.53 million, a price-to-earnings ratio of 38.85 and a beta of 0.75. The business has a fifty day moving average of $26.77 and a 200 day moving average of $25.29.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The business had revenue of $38.00 million during the quarter, compared to analyst estimates of $38.00 million.

Institutional Trading of TAT Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its holdings in TAT Technologies by 142.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock valued at $1,019,000 after acquiring an additional 22,987 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after purchasing an additional 11,799 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of TAT Technologies by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock worth $253,000 after buying an additional 2,697 shares in the last quarter. Wasatch Advisors LP acquired a new stake in TAT Technologies in the 4th quarter valued at $4,349,000. Finally, IFP Advisors Inc acquired a new position in TAT Technologies during the fourth quarter worth $50,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.