TAT Technologies (NASDAQ:TATT) Shares Gap Up – Should You Buy?

TAT Technologies Ltd. (NASDAQ:TATT) shares gapped up before the market opened on Wednesday . The stock had previously closed at $40.36, but opened at $42.55. TAT Technologies shares last traded at $43.65, with a volume of 76,082 shares traded.

Analyst Ratings Changes

TATT has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. B. Riley Financial began coverage on TAT Technologies in a research report on Wednesday, April 8th. They set a “buy” rating and a $61.00 price objective on the stock. Weiss Ratings downgraded TAT Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Benchmark raised their price objective on TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $57.29.

TAT Technologies Stock Performance

The business has a 50-day moving average of $39.02 and a two-hundred day moving average of $44.89. The company has a market cap of $596.43 million, a P/E ratio of 35.62 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.69 and a quick ratio of 2.46.

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

Insiders Place Their Bets

In other TAT Technologies news, COO Jason Lewandowski sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $39.22, for a total value of $122,562.50. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.75% of the company’s stock.

Institutional Investors Weigh In On TAT Technologies

Several institutional investors have recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp acquired a new stake in TAT Technologies in the first quarter worth about $228,000. Renaissance Technologies LLC boosted its holdings in TAT Technologies by 14.9% in the first quarter. Renaissance Technologies LLC now owns 203,402 shares of the aerospace company’s stock worth $8,264,000 after acquiring an additional 26,400 shares in the last quarter. Sei Investments Co. boosted its holdings in TAT Technologies by 91.4% in the first quarter. Sei Investments Co. now owns 39,366 shares of the aerospace company’s stock worth $1,599,000 after acquiring an additional 18,799 shares in the last quarter. Walleye Capital LLC acquired a new stake in TAT Technologies in the first quarter worth about $1,054,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in TAT Technologies by 26.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 456,640 shares of the aerospace company’s stock worth $18,405,000 after acquiring an additional 95,756 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Company Profile

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.