TAT Technologies (NASDAQ:TATT) Research Coverage Started at Benchmark

Benchmark began coverage on shares of TAT Technologies (NASDAQ:TATT) in a research note published on Monday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $53.00 target price on the aerospace company’s stock.

TATT has been the topic of several other research reports. Jones Trading initiated coverage on TAT Technologies in a report on Friday, October 10th. They issued a “buy” rating and a $50.00 price objective on the stock. Truist Financial cut their price target on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Wall Street Zen cut shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings upgraded shares of TAT Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 14th. Finally, Zacks Research lowered shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, TAT Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $47.80.

TAT Technologies Trading Up 4.8%

TATT stock traded up $1.85 during mid-day trading on Monday, hitting $40.56. 17,144 shares of the company were exchanged, compared to its average volume of 142,424. TAT Technologies has a 12-month low of $20.60 and a 12-month high of $45.83. The firm has a market capitalization of $509.64 million, a P/E ratio of 33.25 and a beta of 0.85. The business has a fifty day simple moving average of $40.95 and a 200-day simple moving average of $35.17. The company has a quick ratio of 2.42, a current ratio of 4.67 and a debt-to-equity ratio of 0.06.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). TAT Technologies had a return on equity of 10.90% and a net margin of 8.21%.The company had revenue of $46.24 million during the quarter, compared to analyst estimates of $46.27 million.

Institutional Investors Weigh In On TAT Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in TAT Technologies in the third quarter valued at $53,000. Morgan Dempsey Capital Management LLC grew its position in shares of TAT Technologies by 17.2% during the third quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock worth $372,000 after acquiring an additional 1,249 shares during the last quarter. Huntleigh Advisors Inc. grew its position in TAT Technologies by 3.7% during the 3rd quarter. Huntleigh Advisors Inc. now owns 38,101 shares of the aerospace company’s stock worth $1,678,000 after purchasing an additional 1,345 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of TAT Technologies by 14.6% in the third quarter. GSA Capital Partners LLP now owns 11,854 shares of the aerospace company’s stock valued at $522,000 after buying an additional 1,511 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new stake in shares of TAT Technologies during the first quarter worth approximately $45,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.