TAT Technologies (NASDAQ:TATT) Price Target Raised to $36.00

TAT Technologies (NASDAQ:TATT) had its target price lifted by Benchmark from $35.00 to $36.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

A number of other research analysts also recently weighed in on the company. Wall Street Zen downgraded TAT Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Truist Financial started coverage on TAT Technologies in a report on Wednesday, June 4th. They issued a “buy” rating and a $35.00 price objective for the company.

TAT Technologies Trading Up 1.3%

Shares of TATT stock opened at $26.29 on Wednesday. The stock’s fifty day moving average price is $29.23 and its two-hundred day moving average price is $27.58. TAT Technologies has a fifty-two week low of $12.61 and a fifty-two week high of $36.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The company has a market cap of $330.33 million, a PE ratio of 35.53 and a beta of 0.69.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings results on Monday, May 19th. The aerospace company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $42.14 million for the quarter, compared to analyst estimates 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 hedge funds and other institutional investors have recently modified their holdings of TATT. JPMorgan Chase & Co. boosted its position in TAT Technologies by 7.9% during 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 during the period. Virtus Fund Advisers LLC purchased a new position in shares of TAT Technologies during the fourth quarter valued at approximately $29,000. Virtus Advisers LLC purchased a new position in shares of TAT Technologies in the 1st quarter worth about $45,000. IFP Advisors Inc purchased a new position in shares of TAT Technologies in the fourth quarter worth $50,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of TAT Technologies during the first quarter valued at approximately $63,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.