StockNews.com Upgrades TAT Technologies (NASDAQ:TATT) to Buy

TAT Technologies (NASDAQ:TATT) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Benchmark started coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They set a “buy” rating and a $30.00 price target on the stock.

TAT Technologies Price Performance

Shares of NASDAQ:TATT opened at $28.20 on Friday. TAT Technologies has a 52 week low of $10.61 and a 52 week high of $33.37. The company has a 50-day moving average price of $27.60 and a 200 day moving average price of $23.69. The company has a market cap of $308.51 million, a P/E ratio of 38.11 and a beta of 0.99. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings results on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%. The business had revenue of $38.00 million during the quarter, compared to analysts’ expectations of $38.00 million.

Institutional Investors Weigh In On TAT Technologies

Several institutional investors have recently modified their holdings of TATT. Virtus Fund Advisers LLC purchased a new position in TAT Technologies in the 4th quarter valued at approximately $29,000. IFP Advisors Inc purchased a new position in shares of TAT Technologies in the fourth quarter valued at $50,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of TAT Technologies during the 4th quarter worth $103,000. JPMorgan Chase & Co. boosted its position in shares of TAT Technologies by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after buying an additional 2,697 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of TAT Technologies in the 4th quarter worth about $368,000. Hedge funds and other institutional investors 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.