TAT Technologies (NASDAQ:TATT) Now Covered by Analysts at Truist Financial

Truist Financial assumed coverage on shares of TAT Technologies (NASDAQ:TATT - Free Report) in a report published on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $35.00 price target on the aerospace company's stock.

A number of other analysts have also recently commented on the company. Wall Street Zen cut TAT Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Benchmark increased their price target on 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 Up 2.6%

Shares of NASDAQ TATT traded up $0.70 during mid-day trading on Wednesday, hitting $27.20. 175,883 shares of the stock traded hands, compared to its average volume of 64,990. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a 52 week low of $12.61 and a 52 week high of $36.49. The company has a market cap of $297.57 million, a price-to-earnings ratio of 36.76 and a beta of 0.69. The stock has a fifty day moving average price of $29.24 and a 200-day moving average price of $27.44.

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

Institutional Trading of TAT Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TATT. IFP Advisors Inc purchased a new position in shares of TAT Technologies in the 4th quarter valued at about $50,000. Morgan Dempsey Capital Management LLC acquired a new position in TAT Technologies during the fourth quarter worth $103,000. JPMorgan Chase & Co. lifted its stake in TAT Technologies by 7.9% during the fourth quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock worth $385,000 after purchasing an additional 1,100 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of TAT Technologies by 142.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock worth $1,019,000 after acquiring an additional 22,987 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of TAT Technologies by 6.6% during 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 during the period. 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.