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

TAT Technologies Ltd. (NASDAQ:TATT) reached a new 52-week high during trading on Tuesday . The stock traded as high as $54.67 and last traded at $55.26, with a volume of 30090 shares changing hands. The stock had previously closed at $52.33.

Analysts Set New Price Targets

TATT has been the topic of a number of recent analyst reports. Loop Capital set a $53.00 target price on shares of TAT Technologies in a report on Tuesday, December 30th. Stifel Nicolaus boosted their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Truist Financial dropped their target price 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. Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $51.33.

TAT Technologies Stock Performance

The firm has a market cap of $674.72 million, a price-to-earnings ratio of 40.39 and a beta of 0.89. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $44.33 and its 200 day moving average is $40.24.

TAT Technologies (NASDAQ:TATT) last issued its quarterly earnings data 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 firm had revenue of $46.24 million for the quarter, compared to the consensus estimate of $46.27 million.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Valmark Advisers Inc. acquired a new stake in shares of TAT Technologies in the 2nd quarter valued at $653,000. Boston Partners acquired a new position in shares of TAT Technologies during the 2nd quarter worth $13,205,000. Anthracite Investment Company Inc. boosted its stake in TAT Technologies by 900.8% in the second quarter. Anthracite Investment Company Inc. now owns 144,892 shares of the aerospace company’s stock valued at $4,425,000 after buying an additional 130,415 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in TAT Technologies in the second quarter valued at about $4,119,000. Finally, Goldman Sachs Group Inc. bought a new position in TAT Technologies in the first quarter valued at about $207,000. Institutional investors 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.