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

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

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

TAT Technologies Trading Up 0.8 %

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 firm has a 50 day moving average of $27.60 and a two-hundred day moving average of $23.69. The stock has a market capitalization of $308.51 million, a PE 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 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. The firm had revenue of $38.00 million for 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 Investors Weigh In On TAT Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in shares of TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock worth $4,861,000 after purchasing an additional 11,799 shares during the last quarter. Wasatch Advisors LP acquired a new stake in shares of TAT Technologies in the 4th quarter valued at about $4,349,000. Arrowstreet Capital Limited Partnership grew its stake in TAT Technologies by 142.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock worth $1,019,000 after buying an additional 22,987 shares during the last quarter. Marshall Wace LLP acquired a new position in TAT Technologies during the fourth quarter worth approximately $444,000. Finally, JPMorgan Chase & Co. lifted its stake in TAT Technologies by 7.9% in the fourth quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company’s stock valued at $385,000 after buying an additional 1,100 shares during the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.