TAT Technologies (NASDAQ:TATT) Hits New 52-Week High – Time to Buy?

TAT Technologies Ltd. (NASDAQ:TATT) shares reached a new 52-week high on Friday . The company traded as high as $47.50 and last traded at $46.4350, with a volume of 44288 shares changing hands. The stock had previously closed at $44.66.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TATT. Lake Street Capital began coverage on shares of TAT Technologies in a research report on Tuesday. They set a “buy” rating and a $53.00 price objective for the company. Zacks Research cut shares of TAT Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Benchmark initiated coverage on shares of TAT Technologies in a research note on Monday, November 17th. They issued a “buy” rating and a $53.00 price target on the stock. Truist Financial lowered their price target on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TAT Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $51.33.

TAT Technologies Trading Up 2.6%

The company has a debt-to-equity ratio of 0.06, a current ratio of 4.44 and a quick ratio of 2.34. The business’s 50-day moving average is $40.62 and its 200 day moving average is $37.42. The firm has a market capitalization of $575.42 million, a P/E ratio of 34.41 and a beta of 0.89.

TAT Technologies (NASDAQ:TATT) last announced its earnings results on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.The business had revenue of $46.24 million for the quarter, compared to analyst estimates of $46.27 million.

Institutional Investors Weigh In On TAT Technologies

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies during the 3rd quarter valued at approximately $53,000. Morgan Dempsey Capital Management LLC boosted its position in TAT Technologies by 17.2% in the third quarter. Morgan Dempsey Capital Management LLC now owns 8,505 shares of the aerospace company’s stock valued at $372,000 after buying an additional 1,249 shares in the last quarter. Huntleigh Advisors Inc. grew its stake in shares of TAT Technologies by 3.7% during the third quarter. Huntleigh Advisors Inc. now owns 38,101 shares of the aerospace company’s stock worth $1,678,000 after buying an additional 1,345 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of TAT Technologies by 14.6% during the third quarter. GSA Capital Partners LLP now owns 11,854 shares of the aerospace company’s stock worth $522,000 after buying an additional 1,511 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of TAT Technologies during the third quarter worth $121,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.