TAT Technologies (NASDAQ:TATT) Upgraded at StockNews.com

StockNews.com upgraded shares of TAT Technologies (NASDAQ:TATT) from a hold rating to a buy rating in a research report sent to investors on Saturday.

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

TAT Technologies Trading Down 2.6 %

Shares of NASDAQ TATT opened at $27.48 on Friday. The stock has a market capitalization of $300.63 million, a P/E ratio of 37.14 and a beta of 0.99. The business has a fifty day moving average price of $27.58 and a 200 day moving average price of $23.77. TAT Technologies has a 1-year low of $10.61 and a 1-year high of $33.37. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Virtus Fund Advisers LLC acquired a new stake in TAT Technologies in the fourth quarter valued at approximately $29,000. IFP Advisors Inc purchased a new stake in shares of TAT Technologies in the fourth quarter valued at about $50,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of TAT Technologies during the 4th quarter worth approximately $103,000. JPMorgan Chase & Co. increased its stake in TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 2,697 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of TAT Technologies during the 4th quarter worth about $368,000. 15.13% of the stock is 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.