TAT Technologies Ltd. (NASDAQ:TATT) Receives Consensus Recommendation of “Buy” from Analysts

TAT Technologies Ltd. (NASDAQ:TATT) has been assigned an average rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $57.2857.

A number of research analysts have issued reports on the company. Truist Financial raised TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. B. Riley Financial started coverage on shares of TAT Technologies in a research note on Wednesday, April 8th. They set a “buy” rating and a $61.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of TAT Technologies from $47.00 to $60.00 and gave the company a “buy” rating in a report on Friday, March 20th. Weiss Ratings cut shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Finally, Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, May 22nd.

Insiders Place Their Bets

In other TAT Technologies news, insider Paul Maness sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total value of $227,050.00. Following the completion of the transaction, the insider owned 5,000 shares in the company, valued at approximately $227,050. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $39.22, for a total transaction of $122,562.50. Following the completion of the transaction, the chief operating officer owned 3,125 shares of the company’s stock, valued at approximately $122,562.50. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TAT Technologies

A number of hedge funds have recently bought and sold shares of the business. Meitav Investment House Ltd. boosted its stake in shares of TAT Technologies by 0.3% in the first quarter. Meitav Investment House Ltd. now owns 1,211,860 shares of the aerospace company’s stock worth $47,989,000 after acquiring an additional 3,122 shares during the last quarter. Wasatch Advisors LP raised its stake in TAT Technologies by 5.5% in the 3rd quarter. Wasatch Advisors LP now owns 824,238 shares of the aerospace company’s stock valued at $36,291,000 after purchasing an additional 43,022 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in TAT Technologies by 26.5% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock valued at $18,405,000 after purchasing an additional 95,756 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in TAT Technologies by 92.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock valued at $17,283,000 after purchasing an additional 185,574 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its holdings in TAT Technologies by 1,063.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 357,768 shares of the aerospace company’s stock valued at $15,768,000 after purchasing an additional 327,015 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

TAT Technologies Price Performance

NASDAQ TATT opened at $43.28 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.46 and a current ratio of 4.69. The company has a market cap of $561.90 million, a PE ratio of 33.55 and a beta of 0.98. The firm’s 50 day moving average price is $41.46 and its 200-day moving average price is $45.95. TAT Technologies has a 52-week low of $29.30 and a 52-week high of $64.50.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $41.15 million for the quarter, compared to the consensus estimate of $40.25 million. TAT Technologies had a net margin of 9.27% and a return on equity of 9.47%. Sell-side analysts forecast that TAT Technologies will post 1.52 EPS for the current fiscal year.

About TAT Technologies

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.