TAT Technologies (NASDAQ:TATT) Sees Large Volume Increase – Time to Buy?

Shares of TAT Technologies Ltd. (NASDAQ:TATT) saw an uptick in trading volume on Friday . 149,384 shares changed hands during trading, an increase of 0% from the previous session’s volume of 149,182 shares.The stock last traded at $43.1460 and had previously closed at $47.32.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Benchmark increased their target price on TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Loop Capital set a $53.00 price target on shares of TAT Technologies in a research note on Tuesday, December 30th. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Lake Street Capital reaffirmed a “buy” rating and set a $59.00 target price on shares of TAT Technologies in a research report on Wednesday, February 4th. Finally, Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $54.50.

TAT Technologies Trading Down 8.0%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. The company has a market capitalization of $546.66 million, a P/E ratio of 32.07 and a beta of 0.93. The company’s fifty day simple moving average is $53.21 and its 200-day simple moving average is $45.16.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings results on Wednesday, March 18th. The aerospace company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). TAT Technologies had a return on equity of 11.14% and a net margin of 9.45%.The business had revenue of $46.53 million during the quarter, compared to analysts’ expectations of $48.04 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Greenline Wealth Management LLC purchased a new stake in shares of TAT Technologies during the 4th quarter worth $41,000. Royal Bank of Canada raised its holdings in TAT Technologies by 978.8% in the fourth quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of TAT Technologies during the third quarter valued at about $53,000. Quantbot Technologies LP bought a new stake in shares of TAT Technologies in the 3rd quarter valued at about $121,000. Finally, Osaic Holdings Inc. grew its position in shares of TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after buying an additional 4,474 shares during the last quarter. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

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.