TAT Technologies (NASDAQ:TATT) Upgraded by StockNews.com to Buy Rating

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

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

TAT Technologies Stock Up 0.8 %

TAT Technologies stock opened at $28.20 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. The company’s 50-day moving average is $27.60 and its 200-day moving average is $23.64. The firm has a market capitalization of $308.51 million, a PE ratio of 38.11 and a beta of 0.99. TAT Technologies has a fifty-two week low of $10.61 and a fifty-two week high of $33.37.

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

Institutional Inflows and Outflows

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