TAT Technologies (NASDAQ:TATT) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of TAT Technologies (NASDAQ:TATT) from a buy rating to a hold rating in a report released on Friday morning.

Separately, Benchmark boosted their price target on TAT Technologies from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd.

TAT Technologies Stock Performance

NASDAQ:TATT opened at $32.84 on Friday. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $359.27 million, a P/E ratio of 44.38 and a beta of 0.75. The firm has a 50-day moving average price of $26.86 and a two-hundred day moving average price of $24.86. TAT Technologies has a twelve month low of $11.03 and a twelve month high of $33.83.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data 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 net margin of 5.58% and a return on equity of 8.23%. The business had revenue of $38.00 million during the quarter, compared to analysts’ expectations of $38.00 million.

Institutional Trading of TAT Technologies

A number of hedge funds have recently bought and sold shares of the company. Virtus Fund Advisers LLC acquired a new position in TAT Technologies in the 4th quarter valued at $29,000. IFP Advisors Inc purchased a new stake in shares of TAT Technologies in the fourth quarter valued at $50,000. Morgan Dempsey Capital Management LLC acquired a new position in TAT Technologies in the fourth quarter valued at $103,000. JPMorgan Chase & Co. lifted its position 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 buying an additional 2,697 shares during the period. Finally, Jane Street Group LLC acquired a new stake in TAT Technologies in the 4th quarter worth about $368,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

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.