TAT Technologies (NASDAQ:TATT) Earns Buy Rating from Analysts at Truist Financial

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

Other research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of TAT Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Benchmark raised their price objective on TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd.

TAT Technologies Stock Down 1.6%

Shares of NASDAQ:TATT traded down $0.43 during midday trading on Wednesday, hitting $26.50. 249,071 shares of the company's stock traded hands, compared to its average volume of 63,927. The firm's fifty day moving average price is $29.26 and its two-hundred day moving average price is $27.37. 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 twelve month low of $12.61 and a twelve month high of $36.49. The company has a market cap of $289.91 million, a PE ratio of 35.81 and a beta of 0.69.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TATT. IFP Advisors Inc bought a new stake in shares of TAT Technologies in the 4th quarter worth approximately $50,000. Morgan Dempsey Capital Management LLC acquired a new position in TAT Technologies in the fourth quarter worth approximately $103,000. JPMorgan Chase & Co. increased its holdings in shares of TAT Technologies by 7.9% in the fourth quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock valued at $385,000 after buying an additional 1,100 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted 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 acquiring an additional 22,987 shares in the last quarter. Finally, Renaissance Technologies LLC raised 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 purchasing an additional 11,799 shares during the period. 15.13% of the stock is currently owned by 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.