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TAT Technologies (NASDAQ:TATT) Downgraded by Wall Street Zen to Hold

TAT Technologies logo with Aerospace background

Key Points

  • Wall Street Zen has downgraded TAT Technologies from a "buy" rating to a "hold" rating.
  • A number of other research firms, including Truist Financial and Benchmark, recently issued "buy" ratings with target prices ranging from $35.00 to $37.00.
  • TAT Technologies reported earnings of $0.34 per share for the last quarter, surpassing analysts' estimates and showing a net margin of 8.04% with revenue of $42.14 million.
  • Looking to export and analyze TAT Technologies data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

TAT Technologies (NASDAQ:TATT - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other brokerages have also weighed in on TATT. Truist Financial initiated coverage on TAT Technologies in a research note on Wednesday, June 4th. They set a "buy" rating and a $35.00 price target on the stock. Benchmark increased their price target on TAT Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, Lake Street Capital initiated coverage on TAT Technologies in a research note on Wednesday, June 18th. They set a "buy" rating and a $37.00 price target on the stock.

Get Our Latest Analysis on TATT

TAT Technologies Price Performance

TATT stock traded up $1.53 on Friday, reaching $34.01. The company had a trading volume of 124,109 shares, compared to its average volume of 136,637. TAT Technologies has a 1 year low of $14.00 and a 1 year high of $38.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.12 and a current ratio of 2.87. The company's fifty day moving average is $30.66 and its 200 day moving average is $29.17. The company has a market cap of $427.20 million, a P/E ratio of 27.88 and a beta of 0.77.

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, beating analysts' consensus estimates of $0.29 by $0.01. TAT Technologies had a return on equity of 12.19% and a net margin of 8.21%. The firm had revenue of $43.10 million for the quarter, compared to analyst estimates of $43.85 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Virtus Fund Advisers LLC acquired a new stake in shares of TAT Technologies during the 4th quarter worth $29,000. Virtus Advisers LLC acquired a new stake in shares of TAT Technologies during the 1st quarter worth $45,000. Catalyst Capital Advisors LLC acquired a new stake in shares of TAT Technologies during the 1st quarter worth $63,000. Morgan Dempsey Capital Management LLC increased its holdings in shares of TAT Technologies by 72.5% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company's stock worth $221,000 after buying an additional 3,050 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of TAT Technologies during the 2nd quarter worth $228,000. Hedge funds and other institutional investors own 15.13% of the company's stock.

TAT Technologies Company Profile

(Get Free Report)

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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