TAT Technologies (NASDAQ:TATT) Releases Earnings Results, Beats Expectations By $0.04 EPS

TAT Technologies (NASDAQ:TATT) announced its quarterly earnings data on Monday. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04, Zacks reports. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

TAT Technologies Stock Up 0.5%

TATT traded up $0.18 on Monday, reaching $34.82. The company’s stock had a trading volume of 133,263 shares, compared to its average volume of 83,281. The company has a market capitalization of $380.93 million, a price-to-earnings ratio of 47.05 and a beta of 0.72. TAT Technologies has a fifty-two week low of $12.61 and a fifty-two week high of $36.49. 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 stock has a 50 day moving average of $28.27 and a two-hundred day moving average of $26.56.

Analysts Set New Price Targets

TATT has been the topic of a number of analyst reports. Benchmark increased their price target on TAT Technologies from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. StockNews.com downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TAT Technologies stock. Goldman Sachs Group Inc. bought a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,537 shares of the aerospace company’s stock, valued at approximately $207,000. Goldman Sachs Group Inc. owned approximately 0.07% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 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.